Frank26 Question: "Has anything changed in regards to Iraq satellite banks exchanging dinars for US citizens?" No. They will follow American banking laws. They won't do anything different than any American bank is doing in American territory.
The process to exchange your dinars it's not going to be as difficult as your mind tells you right now that it's going to be.
FRANK: I've had so many bank stories in the last two weeks that it not only knocked me off my feet but I'm still floating up in cloud nine. It's no secret. What happened.
BANK STORY GUY: I live in a very small town in Western Colorado. I've been banking with the same bank for 30 year...The bank president...borders on the edge of being a very good friend...This morning I walked into the bank...and I saw him sitting in his office and...I said you know 4 or 5 years ago I started talking about the dinar and he said yeah...he had on his poker face...I said myself and my wife have X number of dinar. He said ok. I said I hear Sudani talking about a date of January 1st that you can no longer use the American dollar in Iraq.
And considering they're now talking about releasing change to the people. I said, when I first started talking to you about this the exchange rate was about 1470 roughly to 1...does it make any sense to start issuing any coinage?
He kind of grinned at me big. He said, no sir it really doesn't. I said, Tom, I'm nervous...I know what the FDIC covers and ...you know how much currency I have. Even if it goes at 1 to 1 I'm kind of spooked about how much wealth I could lose. I said...you're a small bank. They're very well known throughout the state of Colorado...but they're not a Chase or Wells Fargo. I told him I've got a Wells Fargo account and I said honestly Tom I hate that bank but push comes to shove I can transfer my funds.
What's funny all of a sudden his poker face breaks and he says when it comes time to do the exchange I'm sure we can... assist in some way. I said that's what I was hoping to hear. If and when the time comes, you and I have been friends for a long time, you know I have 100% trust in you, do I come to you to get advice on how not to lose my funds? He's says no. I'm going to set you up with a wealth manager and he immediately is typing stuff in to his computer and this is what caught me off guard, he turns around and he says you know I've seen exchanges and movement in the dinar in just the past few days...
I said I got to get to Albuquerque this afternoon...I got to get going when I get back I'll give you a call...I stood up and shook his hand I said you know what I probably won't talk to you for a while so Happy Thanksgiving to you and your family...and he said oh, we'll talk before that. FRANK: There it is!
US exports to Iraq projected to surpass $2 bn in 2023
Shafaq News / The "Iraq Future" Foundation for Economic Studies and Consultations predicted on Friday that the US's exports of goods to Iraq will surpass two billion dollars during the current year, marking the first time in five years.
Manar Al-Obaidi, the foundation's president, stated that the United States' exports to Iraq are expected to exceed two billion dollars for the first time in five years. This rise will be supported by exports of aircraft and automobile parts, wheat crops, and electric power production equipment.
He further elaborated that the average of US exports to Iraq from 2018 to 2022 was around one billion dollars, noting that in 2023, the rate of US exports to Iraq is projected to surpass the two-billion-dollar mark, possibly outperforming India's exports to Iraq.
[via Babysmom] A GOOD SOURCE SAYS, "ALL IS READY, JUST WAITING ON THE (GO) SIGNAL...ALL SYSTEMS ARE READY...NO HOLD UPS IN SIGHT TIME WILL TELL... "AGENCY FOLKS ARE ON HIGH ALERT..."
Kaperoni
A lot of people probably don't realize, but I've been in the dinar investment since 2008. Probably one of the most knowledgeable on the facts, and read most professional documents ever written pertaining to the dinar. I know what I'm talking about.
Jeff
You're like, why hasn't Iraq revalued? They've gotten everything done?' And they do! Iraq has everything done. They're ready to revalue but they're not going to revalue till they tackle corruption...They have to remove this corruption.
US Sanctions Kata’ib Hezbollah in Iraq Amidst a Rising Mental Health Crisis
In an escalating response to recent attacks, the United States has imposed sanctions on six members of the Iranian-backed Iraqi militia, Kata’ib Hezbollah. These sanctions, which include the blocking of US property and bank accounts, are a clear message against the alleged perpetrators of at least 60 attacks on US and coalition military facilities in Iraq and Syria. The Treasury’s Office of Foreign Assets Control has stated that the Kata’ib Hezbollah group is supported by Iran’s Islamic Revolutionary Guard Corps-Quds Force, a designation that is echoed by the State Department’s classification of the group as a terrorist organization.
Mental Health Crisis in Iraq
Meanwhile, in a country battered by conflict, the mental health care system in Iraq is in a precarious state. The struggles of Raghad Qasim, a 34-year-old women’s rights activist, are emblematic of a larger crisis. Despite her desperate search, Qasim was unable to find a psychologist in Baghdad, ultimately resorting to online consultations with a Lebanese therapist. It was through these sessions that she began to recognize the deep-seated impacts of war and the 2003 American invasion on her mental health.
Understaffed and Underfunded
With only two mental health workers per 100,000 people, Iraq falls significantly below the global average. Institutions such as the Al-Rashad Teaching Hospital in Baghdad, established in 1950, are severely understaffed. They cater to patients with chronic and serious mental illnesses but face a severe shortage of specialized doctors. The hospital’s director, Firas Al-Kazimi, has voiced concerns over the overwhelming patient-to-doctor ratio, a testament to the strain on the country’s mental health sector.
The dollar is on track for its largest weekly decline against the euro, yen, and Swiss franc in months as investors sell in anticipation of a 100 basis points cut in US interest rates next year.
Over the past week, the dollar made some significant movements in the currency market. It recorded a decline of 1.6 percent against both the euro, with a rate of 1.0854 euros to a dollar, and the Swiss franc, with a rate of 0.8882 Swiss francs to a dollar. This marks the largest weekly decline for the dollar since mid-July. Additionally, the dollar fell by 0.6 percent against the Japanese yen, with a rate of 150.53 yen to a dollar.
Oil prices dropped to their lowest levels in four months on Thursday. Additionally, Walmart announced that it would lower its prices, further contributing to deflationary pressures. Recent data has shown that these deflationary pressures have stabilized US consumer prices, leading investors to believe that inflation is decreasing and that interest rates will remain steady.
The British pound experienced a 1.5 percent increase this week, reaching $1.2410. However, the Australian and New Zealand dollars saw a slight decline on Thursday due to indicators of a slowdown in the US economy, which negatively impacted commodity prices. Nevertheless, both currencies are poised to record weekly gains.
Movements in Asian transactions on Friday were limited. The Australian dollar traded at $0.6466, up 1.7% during the week, while the New Zealand dollar recorded $0.5960, up 1.2%.
The Chinese yuan reached its highest level in three months against the US dollar, trading at 7.2447, with expectations of achieving its best weekly performance in two months.
What would really be a super huge lift and bring a ton of value to the Iraq dinar is if they get away from the greenbacks and start using their own currency to do transactions for the oil. That would be huge.
There are a lot of things happening in Iraq that are contributing to the growth of their economy and the strengthening of their currency. If Iraq could just get out of their own way.
I haven't been this excited about Iraq in a long time. I remember in 2019 they were really striving, making great steps and then everything kind of fell apart and then we had the whole "Rona" thing took place and it just seemed like they could not get their head above water. But this past year, everything is looking pretty good.
We know the beginning of 2024, we heard anyways, we'll see if it actually happens, Iraq is no longer going to use the US dollar in the country. That will lower the demand for US dollars but that still doesn't curve the demand for US dollars that are being smuggled into other countries. It will decrease the demand for US dollars and increase the demand for Iraqi dinars. This is really good.
Bank of International Settlements ....when the Central Bank of all central banks starts talking the world starts to listen... Quote: "One of the outputs of the meeting is the preparation and publication of...workings papers on the latest...monetary policy challenges and how to respond to economic shocks in the countries represented at the meeting." All these banks....have been told there's going to be challenges ...When you raise the value of currencies...there's going to be consequences ...There's gong to be some good and bad but they're telling you, We're doing something and you need to be prepared...
If you own this currency and are an investor and you don't know what you own it's time to pay attention...because this is all coming to fruition...It's a beautiful time frame to be a so-called 'dinarian'...
The Hydro-Carbon Law will require an international exchange rate. The 2023, 24, 25 budget will require it. The salaries and the payment to the citizens will require it. The WTO will require one. The house contracts will require one. The Development Road Projects, economic and financial reforms,all of them are going to require an international acceptable Article VIII compliant exchange rate..
In euros and yuan.. The Sudanese advisor explains the mechanism of working in the “equal deal” for trade exchange
On Wednesday, Mazhar Muhammad Saleh, economic advisor to Prime Minister Muhammad Shia al-Sudani, explained how the “equal deal” for trade exchange works.
Saleh explained that the equal deal involves financing trade exchange between countries using a mechanism of settlement and payment in their respective local currencies.
In simpler terms, trade exchange involves facilitating the trade of commodities between two countries. During this process, the settlement and payment are carried out using the currencies of both countries. As a result, each country retains the currency of the other country.
He explained that the trade process between any two countries in the world is conducted based on free competitive principles. The goods exchanged are priced in the local currency with a fixed exchange rate between the two local currencies. This simple commercial application is currently being used by some Gulf countries with countries like China or India.
According to a government source, Iraq is currently pursuing an “equal deal” initiative whereby trade and imports will be exchanged with certain countries like China and India, using their respective currencies instead of Iraq’s main trading partners like India, China, and some neighboring countries.
Iraq Central Bank Strikes Key Deals To Bolster Currency Reserves
ICB faces criticism over unconstitutional currency import methods
Iraq’s Central Bank has initiated agreements with foreign countries to enhance the reserves of Iraqi private banks in various currencies, amidst growing domestic challenges. These developments come amid calls for a no-confidence vote against the bank’s governor due to economic pressures and the declining value of the Iraqi dinar against the US dollar.
According to the Iraqi News Agency, the bank and US officials have reached an agreement to bolster the reserves of 10 Iraqi banks with US dollars. The agreement, made in Abu Dhabi, allows five banks to work with Citibank and another five with JP Morgan. Furthermore, the bank is increasing the number of banks permitted to hold reserves in the Chinese Yuan through the Singapore Development Bank to 13, with two banks already strengthening their reserves in Indian Rupees.
These measures are aimed at supporting nearly 95% of Iraq’s foreign trade needs, which rely on foreign currencies. Additionally, the bank is exploring ways to boost Iraqi banks’ balances in Emirati Dirhams, Euros, Chinese Yuan, and Indian Rupees, particularly for financing imports in the pharmaceutical and food sectors.
The bank’s decision to allow private banks to import foreign currencies via commercial flights has sparked controversy, with critics labeling it unconstitutional. This has contributed to a parliamentary motion to remove the bank’s governor, who is also facing criticism for failing to stabilize the dinar’s value against the dollar, despite a government-approved currency revaluation earlier this year.
I still continue to hear from Iraqi sources that come hell or high water they are going by the first of Dec. I continue to hear fantastic things about the progress and how Iraq has positioned itself to force this across the finish line. I’m excited as to where we are... Question: Many said RV is going to happen this weekend, what do you think? MarkZ: The chatter is phenominal…so its possible.
Article: “Baghdad reveals new economic package to further de-dollarize trade” Of course the goal is to strengthen the dinar. This one is from the Express Tribune “Unshackling the Iraq Dinar” Talking about how Iraq has a plan to unshackle themselves from US dealings…and is aligning themselves with BRICS and new emerging global commodities. Part of that process is strengthening the dinar…removing the 3 zeros…(not a lop). These are great… They are coming from main stream
worldwide news sources and are talking about exactly what we are expecting. The Strengthening of the dinar…de-dollarization...and return of commodities backing their money.
I have had more banking confirmations ...saying that all we are waiting for is a “GO” and any final instructions for anything that may have changed last minute. I talked to some banking sources…and it is overwhelming the banks saying we are at “any moment” and a number of them are saying it’s this week. The sheer number of bank sources from different banks (3 regional banks and 4 major banks) that were told to get ready for any moment this week...Whether it is this week or not - the chatter is sure great.
A source for “Al-Iqtisad News”: Private banks and exchange companies express their preparations to reduce the exchange rate
11/16/2023 Baghdad
Today, Thursday, a source revealed moves being made by the private banking sector and exchange companies aimed at raising the value of the dinar against the dollar.
The source, who preferred to remain anonymous, said in an interview with Al-Eqtisad News, “ Private banks and exchange companies are showing great preparations, collectively and in coordination, to reduce the price of the dollar ,” noting that “this will be through expanding engagement with the official market and its high capabilities.”
He added, "There are ongoing meetings to discuss several options that the market will undertake by itself to impose stability in the exchange rate LINK
Kurdistan's Council of Ministers discusses oil export resumption negotiations, 17 nov
Shafaq News/Kurdistan's Council of Ministers convened its regular weekly meeting today, chaired by Prime Minister Masrour Barzani and attended by Vice President Qubad Talabani.
The session addressed a range of topics on its agenda, focusing on the outcomes of joint talks between the Iraqi Ministry of Oil and the Kurdish delegation on the 12th and 13th of November regarding the potential resumption of Kurdistan Region oil exports.
A statement by the government said that the Prime Minister and relevant ministers presented an overview of the discussions held between the Kurdistan Regional Government (KRG) and the federal government delegation.
The federal delegation, led by the Deputy Prime Minister for Energy Affairs and the Federal Minister of Oil, engaged in several days of talks in Erbil.
Prime Minister Barzani reiterated the readiness of the Kurdistan Region to promptly resume oil exports, aligning with constitutional principles and respecting the constitutional powers and rights vested in the Kurdistan Region. He expressed hope for swift progress on the federal government's part to expedite preparations for the resumption of oil exports.
The Council of Ministers welcomed the positive trajectory of negotiations surrounding exporting the Region's oil, emphasizing its mutual benefit.
The cessation of oil exports had led to significant financial losses in the public treasury, amounting to billions of dollars. The Council stressed the importance of safeguarding the rights and entitlements of the Kurdistan Region in adherence to the Constitution.
Furthermore, the Council directed the Kurdish government delegation to persist in their efforts and discussions to ensure a favorable resolution in the ongoing negotiations. The resumption of oil exports holds significant economic implications for the Kurdistan Region and the broader federal government, emphasizing the shared interest in a cooperative and constructive outcome.
Welcome, everybody to the big call tonight. It is Thursday, November 16th and you're listening to the big call. Thanks for tuning in all over the globe. We were in 174 countries on Tuesday night with
17.9 million Listeners or something 17.9 million - fewer countries but more listeners per country - Thank you for listening everybody in big call universe. Glad to hear you that are out there and we're reaching you -
All right, let's get into some intel. I do believe there's a very good chance that this will be our last call tonight.
Any further communication would be something like pre recorded and put on a podcast with a link that you would get in an email that you would click on and listen to at your convenience in your own time -
This is an interesting time because some of this intel came in just an hour and half before the call started - some of its very fresh –
We talked last Tuesday about the ISO 200 2022 and that regulation - and compliance with the regulation.
We got a clue that it might be activated as early as midnight last night on the 15th of November. And it was - it was activated and it is to be fully implemented – alright - here's the process - at 10 minutes before midnight, Saturday night - It gets implemented - And then by midnight, Sunday night it is fully activated, fully implemented, complete.
And it should actually complete before then because all the countries currencies being traded on the Forex starting at five o'clock Eastern on Sunday 5 o'clock Eastern Standard Time Sunday evening. So it's pretty much in play by then - but to be completely implemented by midnight, Sunday night.
All right. There's a window of activation for the ISO 200 2022 coming into play. We could probably expect the Iraqi dinars international rates to be out in that time window - I would think it would be ready by and we're hearing supposed to be printed in the Gazette for Friday, Saturday.
Saturday is their normal print day. I wouldn't doubt that it comes out Friday or Saturday. Finally, I know we're tired we're talking about the Gazette – HCL law is also supposed to be mentioned they brought up printed in the Gazette to - for some reason they want that out too – I don’t think it matters to the rest of the world but it's certainly matters to Iraq and probably the Middle East . So that should be in there as well.
But when we get back to us, here's the really interesting thing that we got later on - what we got to do.
The admiral - we don't get into a lot usually talking about the admiral or the admiral’s group / groups
on this call there are a number of admirals groups that are private groups which are set up by Admiral Bob - years and years and years ago. - He got to know doctor Shabibi - of the central bank of Iraq - the CBI.
Shabibi ran the CBI for quite a while and he met with and had a relationship /of friendship / with beyond friendship due to the relationship that they had – such that Admiral Bob - become a sovereign, individual sovereign not of contracts. Not an agreement, but a treaty with Iraq through Shabibi – a treaty on the Iraqi dinar - which we all knew and years and years ago, I heard this from some of my friends.in the admirals group - I believe that the admiral would be the first to bring in exchanges on the Iraqi dinar in this country In the US.
And we got confirmation again. That is to be the case that the Admirals group to go first, To kick off the exchanges that we're looking forward to happening for the dinar and the other currencies, as well as the redemption of Zim notes - which are bearer bonds – says it right on a note payable to the bearer.
So here’s where we stand on that - Okay, what we have heard today from high up in Wells Fargo - is that the admirals group will start either overnight tonight or tomorrow. And that means hydrating the individual accounts of participants in the groups from individual paymasters to the participant accounts – and that should occur overnight tonight or tomorrow.
And we should follow that, if they are to go first - We're getting close to going at the same time, and we could get notified by tomorrow, I think. that's in play - We can get notified tomorrow and begin our exchanges – we are not saying we are starting tomorrow - but we know the admirals group from a very strong Wells Fargo source is saying they are to start overnight tonight or tomorrow.
Something very interesting I think for us we heard earlier we got a communication in South America indicating that Brazil and the Unites States were poised to start and that Colombia South America was also ready to go and was planning to send out notifications in South America. Not here in the main mainland United States, but in South America to tier 4B participants in South America afternoon today.
So I thought when I read that I thought well, if tier 4B in South America, the Internet Group is getting notified after this afternoon. On a Thursday afternoon. How far apart can we be? Right?
We have thee vast majority of the tier 4 members in the United States - I mean, we have members all over the internet don't get me wrong, but we have over 7400 maybe 8000 redemption centers – in the United States ready to go. I ‘ve been ready for months - really ready to go now – They have just been waiting like we have. So I thought that was really interesting that communication came through.
It indicated what it did. But I felt really good when I found that the admirals group was poised to start over tonight or tomorrow that we should be following them. but I don't think it's going to be by too far.
I mean, it could be a weekend thing tomorrow, maybe a weekend. I believe it needs to be by Monday at the very latest.
Another piece that we got today - Essentially the last day that we should get started - and our exchanges and redemption of zim for us in tier 4B will go through the end of the month whi9ch is the 30th which is a Wednesday but it would beThursday the 30 rather, but it would also probably go through the first of December which will be Friday.
In other words, I take redemption centers will stay open, and they'll get all the exchanges done through the first of the month, December - which is a Friday.
Now, I also believe from what I'm hearing is the public that don’t manage to use the toll free number – they don’t find out about it - for some reason. They don't want a free number, or they're listening to someone who doesn't believe in it and thinks the only way to get this done is through banks, which is nonsense.
Otherwise why would we have 8000 Wells Fargo run redemption centers in the United States and at least 1200 in Canada ready to go.
Redemption centers not banks, redemption centers, some other connected today. Some of them are affiliated with banks. Some of them are separate buildings altogether. Okay, so get a clue somebody out there.
The other thing is with us going through and let's call it the first of December I believe that's been tried to go through - now some redemption centers may close if their demographics don’t support staying open that long –
Some redemption centers in Orlando, Miami, Dallas, Houston, will be open 24/7 doing exchanges and redemptions of zim around the clock because they're highly populated areas with a lot of Zim holders and other currency holders – Florida has the most zim holders the largest amount of them in the country – Texas has the largest amount of zim in the country
And it goes from there. I don't want to get the full run down - but I have some of that. I think it's really important to understand – this thing is good to go – and ready to go and should go – There is a desire to get this done -
I don't have confirmation on the restitution and reclamational allowance being paid out this month - We thought it would be - we were told it would be I don't have reconfirmation of that -
There's time to do it. But my feeling is that it needs to go after the RV has started.
And why is it that we need to get started with bond holders in tier three gaining access to their funds anytime between tomorrow and Monday - because they need to gain access to their liquidity so they can initiate the projects that they're going to do -the stuff they want to do needs liquidity - And we're moving on under their heels – we are going right with or behind them depending when our notifications come out -
So next Thursday – which is a week from tomorrow - Thursday is Thanksgiving And we don't know for sure if redemption centers are going to be open on that day -
it's possible that it's five or six days of exchanging and resume the day after - that’s possible - be prepared for eith one – I think a lot of us call in the toll free number - will get in – and get our exchanges done – before Thanksgiving – which is a week from tomorrow –
We believe we will not be doing a call next Tuesday – this coming Tuesday – we just think its going to roll before then – So let’s just see what happens - we have to see what happens – so lets follow this out –
It seemed my contact in the CBI was bragging about the final steps and paperwork for the full membership of Iraq to the World Trade Organization (WTO) and to look for the official announcement this week or sometime next week. But it is completed.
I asked if Iraq needs an international rate of the dinar in order for full membership. I was told and I quote from my source – “Iraq needed a tradable international currency”. I asked if this means liberated back on FOREX trading and was told YES! So, We are VERY close! These two events are converging (WTO and Reinstatement).
Article: "THE HIGHEST CURRENCY RESERVE IN THE HISTORY OF IRAQ"
Quote: "We hold the highest currency reserve in the history of Iraq and the time for the stability of the dollar has begun November 14, 2023 Advisor to the Prime Minister for Financial Affairs, said that Iraq today has the highest foreign currency reserves throughout its financial history...stressing that this agreement constitutes the beginning of price stability in the exchange market."
FIREFLY: Television is talking to us all day about the government taking measures to address the exchange rate and the parallel market but they can't change the rate. They say only the CBI.What's going on? Why don't the CBI help?
FRANK: Calm down, calm down...As far as parliament saying whatever they are saying...who cares. Their voice is an echo in the abyss of darkness.
FIREFLY: A lot of contracts are being announced left and right. Hundreds and hundreds of them. It is impossible to be signing at a program rate...
FRANK: Do you honestly believe it's being done at a program rate? Absolutely not. These are the tale tell signs of the monetary reform and it's also part of your education.
Source: Iraqi-Turkish discussions result in 4 points to regulate trade between the two countries
A source in the Iraqi government stated, today, Thursday, that discussions took place with Turkey to regulate trade between the two countries through approved legal and banking methods and means.
The source said in a statement circulated to the media, including Shafaq News Agency, that, “In order to organize trade exchange between Iraq and Turkey on better foundations and standards to ensure containing the pressure on the parallel market and the demand for the cash dollar to feed some aspects of trade exchange between the two countries, the Prime Minister directed that discussions be held.” Wide with the Turkish side.
He added, "An expanded meeting took place on Wednesday, November 15, 2023, which included the Central Bank of Iraq and a number of advisors to the Prime Minister, while the Turkish side included a delegation headed by the Turkish ambassador, Turkish banks operating in Iraq, and a representative of the Turkish private sector."
According to the source, the discussions resulted in the following points:
1- The importance of the Turkish customs authorities matching the transfer documents with the goods supplied to Iraq at the Turkish customs points in a way that protects the interests and stability of trade between the two countries.
2- Linking Turkish exports to bank transfer documents through Turkish border crossings serves the Iraqi economy, as Iraqi merchants will resort and encourage financial transfers through the banking system instead of using parallel market tools and the cash dollar to finance their trade with Turkey.
3- For its part, the Central Bank of Iraq expressed its readiness to facilitate external transfer procedures by activating the relationship between the branches of Iraqi banks in Turkey and the branches of Turkish banks in Iraq in terms of feeding accounts in foreign currency and financing foreign trade between the two countries.
4- The issue of facilitating the use of credit cards in the Turkish banking market in an accessible way for Iraqi residents and tourists was also discussed.
The source confirmed that these measures aim to regulate and stabilize trade between the two friendly countries through approved legal and banking methods and means. link
Government spokesman: Occupying international leadership positions represents the recovery of Iraq’s reputation, 17 nov
On Thursday, government spokesman Bassem Al-Awadi identified the most prominent features of Iraq’s victory in membership in the Executive Council of UNESCO, while noting that occupying international leadershippositions represents the recovery of Iraq’s reputation.
Al-Awday told the Iraqi News Agency (INA): “The process of qualifying countries to be members of the executive councils of major international institutions is subject to an assessment of the reputation of the political systems of those countries and the positions of various countries of the world towards them,” indicating that “Iraq, because of the follies of the previous regime, has been removed since 1991 from membership.”
Most, indeed, all major international institutions, and the voting process for Iraq has become subject to pressure, interference, and rejection over the course of three decades.”
He added, "Iraq's return to occupying its international leadershippositions once again represents the recovery of Iraq's reputation andthe overcoming of the signs of the past, and the reputation has becomefully qualified and ready to take its place and its natural right ininternational councils," noting that "Iraqi policy (internal and external) and the government that supervises it is a place of trust." International respect qualifies the country to obtain the votes of various countries competing to vote and qualify for these councils.”
He pointed to "the role of countries and governments in pursuing their entitlement to these institutions and working diligently to reach it, as Prime Minister Muhammad Shiaa Al-Sudani met twice during this year with the leadership of UNESCO and provided a cohesive basis for reserving Iraq's seat."
Regarding how Iraq can exploit its seat after winning membership in the Executive Council of UNESCO, he stressed that “this is done by following up on the organization’s work and projects, including supporting illiteracy eradication projects, in addition to supporting vocational training, teacher qualification and training programs, and international science programs, as well as historical and cultural projects.”
Global cooperation agreements, preserving human heritage, supporting internal organizations, efforts, projects and partnerships with Iraqi ministries and bodies, establishing a mechanism for implementing activities in geographical regions, and following up on their implementation.”
He stressed that "Iraq's acceptance of membership in the Executive Council of UNESCO is a purely governmental effort based on correct indicators that the world has been monitoring over the past year link
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Coffee with MarkZ and Mr. Cottrell. 11/17/2023
Member: Good Morning and Happy Friday.
Member: GM peeps .... anyone hear if the last 3 paragraphs of the HCL have been completed?
Member: Hoping MarkZ got some rest yesterday evening and also uncovered big news for us.
Member: Good song...Another day older and deeper in debt, but that is about to change, y'all!
Member: Do you think this will go past the end of the month?
MZ: No- But I have said that the last few months and been wrong. But I still continue to hear from Iraqi sources that come hell or high water they are going by the first of Dec.
MZ: I continue to hear fantastic things about the progress and how Iraq has positioned itself to force this across the finish line. I’m excited as to where we are at even though it appears to be dragging.
MZ: I cannot find any negative news besides the fact we are not completed yet and been to the banks. We just need to stick this out.
Member: I've heard/it's going 2B a Reinstated Rate, then, float Up. 1 of Frank26's ppl called theirBank, Teller knew nothing, had to check on it , then, slipped up & said RI
Member: RI=Re-Instatement of $3+ works for me!!!
Member: Many said RV is going to happen this weekend,what do you think
MZ: The chatter is phenominal….so its possible
Member: I just hope the QFS is ready to go for our exchanges.
Member: Again, QFS isn't accounts, its a ledger system based on blockchain tech to keep accounts safe and secure. Think of it as automatic accounting system to keep all transactions accurate.
Member: I heard we all already have a single QFS account and we can transfer money from that account to any number of our local bank accounts.
MZ: In Iraq: “Iraq joins EBRD, becoming the 74th shareholder announces foreign ministry” This is the European bank for Reconstructions and Development. This is a major worldwide organization and bank. They are not doing this for some third world country. Iraq applied to be a member in 2018. But,, they waited until now to bring them on board. Does this tell you anything? I believe it tells us we are about to see a currency change.
MZ: If they are joining an international organization they are going to need an international currency.
MZ: “Iraqi Prime Minister orders a reform of the Iraqi banking sector” He goes on to address exchange rates. “Iraqi financial expert predicts decline in dollar exchange rate.” He expects the dinar to continue to gain strength against the US dollar.
MZ: “BRICS: Iraq to ditch US dollar for imported goods” They are looking to start their own “free trade zone” for selling local goods in their own currency. With a steep discount for the goods. So by using the dinar they get a better deal on these products. This is part of de-dollarization.
Member: I heard the Bank of Japan is about to crash….
Member: Chase Bank wealth management sent me a lengthy email that they would like to manage my wealth. Funny thing is I only have about 2 thousand dollars in my account.
MZ: They know what’s coming. It is a regular conversation with many bank employees now.
Member: Has anyone heard we will only have a 10-day window to exchange once it goes. I sure hope this is not the case.
Member: We were always told 10 days to make appointments and at least 30 days to exchange….
Member: Wish we knew if this exchange was going to taxed or not.
Member: Taxes, no taxes,! Exchanges are not taxable! Is what I have always heard! At least something is consistent!
Mod: NO ONE KNOWS WHEN THE TRIGGER GETS PULLED...LIKEWISE WE DONT KNOW WHAT THE TAX/ LEGAL SITUATION WILL LOOK LIKE...BE READY FOR ANYTHING
Member: My friend just came back from Thailand and checked airports to get dinar. They didn't have any. also checked airport in Atl, GA and they had none.
Member: All I know is Kim Clement said "many will Fall in the Fall" - Fall ends Dec. 22nd
Member: I have decided to declare this a 3 Day Weekend -- since they always said RV would happen on one.
Member: Well Thanksgiving weekend is a 4 or 5 day weekend……just sayin….
Member: With every passing day we are one step closer!
Member: DayTrader (Steve) on Militia Man & Crew passed away yesterday. I’m sure many of you know of him. Please keep his family in your prayers.
Member: Prayers to all who are hurting or ill today.
Member: Sending prayers for all those suffering in any way.
THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IS MARK’S OPINION ONLY.
Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions .
India’s Foreign Minister Highlights U.S. Strategic Errors in Afghanistan and Iraq
In a candid reflection on U.S. foreign policy, India’s Foreign Minister, S. Jaishankar, has described America’s military engagement in Afghanistan and Iraq as a significant misstep, leading to a dilution of its global influence. His remarks came during an interview with an Indian media platform, where he presented a critical appraisal of Washington’s strategic decisions in the region and their far-reaching implications.
Jaishankar asserted that the U.S. became trapped in the quagmires of Afghanistan and Iraq, divesting it of resources and attention that could have been directed elsewhere. This, he believes, is an error that Washington might presently be regretting. His perspective offers a fresh lens through which to examine U.S. foreign policy, particularly its interventions in the Middle East and South Asia.
Implications of U.S. Involvement in Afghanistan and Iraq
According to Jaishankar, the U.S. deployment in Afghanistan and Iraq constituted a strategic blunder that resulted in the weakening of America’s global position. This viewpoint underscores the complexities of international relations and the potential pitfalls of military involvement in foreign territories. It also suggests a broader critique of U.S. foreign policy and its ramifications for American influence.
Jaishankar’s comments come ahead of the high-profile 2+2 ministerial dialogue between India and the United States, aimed at advancing a futuristic roadmap for deeper strategic cooperation. The dialogue, as envisioned by Prime Minister Narendra Modi and President Joseph Biden, seeks to bolster bilateral relations and strategic partnerships, further augmenting the global influence of both nations.