Iraqi Dinar Crisis Sparks Parliamentary Divide; Turkey Moves to Liquidate TIAGEM, 12 DEC
The unfolding crisis of the Iraqi dinar, persistently depreciating in exchange rates against the US dollar, has sparked a severe schism within the Financial Committee of the Iraqi Parliament. This division was ignited by the criticisms from committee member MP Mohammed Nouri al-Khazali targeted at the financial policies of the Central Bank of Iraq, including an unaccounted loss of 35 trillion Iraqi dinars (approximately 21 billion dollars).
Allegations of Financial Mismanagement
Al-Khazali’s bold media statements claim that over 35 trillion printed Iraqi dinars are unaccounted for within the nation. He alluded to neighboring Iran, which conducts transactions with Iraq in dinars, hinting at potential financial mismanagement. Additionally, Al-Khazali accused the quota system within the financial infrastructure and the political parties of being the root of Iraq’s economic failure. He also criticized the Central Bank for its alleged missteps, including the dollar pricing in the budget. He argues that this has cost Iraq more than 9 trillion dinars due to the substantial discrepancy between the budget rate and market prices.
Reactions to the Accusations
The Financial Committee, including its chairman from the State of Law coalition, Atwan Al-Atwani, voiced severe discontent at Al-Khazali’s unrestrained statements. They rejected his allegations and called for an investigative committee to maintain the reputation of Iraqi state institutions. In retaliation, Al-Khazali launched a blistering attack on the Financial Committee and Al-Atwani, questioning the legitimacy of the committee’s statement. He singled out Al-Atwani for the committee’s oversight failure, demanding a vote of no confidence against him.
Turkey’s Move on TIAGEM
In a parallel development, Turkey has initiated procedures to dissolve the Turkish-Sudanese International Agriculture and Livestock Company (TIAGEM). This comes in the wake of failed agricultural and animal production cooperation plans with Niger and Venezuela. Initiated by a presidential decree signed by President Recep Tayyip Erdogan, this move has triggered reactions from the opposition due to the hefty expenditures on the company without discernible benefits. Accusations of wasteful spending on executive board fees and travel expenses have been leveled against the company.
A parliamentary committee proposes a solution to the controversial points regarding the oil and gas law
Kazem Al-Touki, a member of the Parliamentary Oil, Gas, and Natural Resources Committee, stated on Monday that political discussions between Baghdad and Erbil are necessary to resolve the controversial aspects of the oil and gas law. Once these discussions have occurred, the law can be submitted to Parliament for a vote.
According to Al-Touki, the committees responsible for dealing with matters related to the oil and gas law have completed their discussions. The goal was to prepare the law for presentation and discussion among the government, political parties, and the Ministry of Oil. Additionally, there were discussions between the region and the Ministry of Oil regarding the same law.
According to him, it is expected that the oil and gas law will be discussed in the next legislative term of the Parliament. The relevant committees were able to resolve all the technical controversial points in this law except for the issues related to the region. Discussions with Kurdistan are required to move forward with the law.
“He stated that resolving the legal matter requires dialogue with the region’s political parties, especially since the technical committees have resolved all controversial points about the law, except for some points that require political intervention.”
We're at the stage now where there's no need to look for anything. There's a need to watch everything that's coming out. Everything that's going to be coming out is the ambrosia of our study, the reward of our years of studying together.
There's only one thing left on the CBI's and Sudani's part of the monetary reform...bring out the new exchange rate and the new national currency that belongs to the Iraqi citizens and to their future. That' the one thing that's left.
There is no more guessing. The World Bank has just told the whole world Iraq is about to raise the value of its currency.
Question: "How long will we have to exchange IYO?" The American dollar 3-zero notes are still legal tender. They're from the turn of last century! We still have 3-zero notes...and they've never been expired. But in this case it's different. IMO I think they'll probably give you within a year. Therefore it could be a year, six months, 3 months ...
Of course they [the banks] are going to verify it [your dinars upon exchange]. I love when people say, 'Hey Frank I need my Certificate of Authenticity...So I can give it to the guy at the bank to prove this is real dinars.' Who told you that? 'The guy that sold me the dinars...'When you take your dinars to a bank they are not going to say let me see your certificate of authenticity. They will tell you if they are real or not.
The CBI meetings are in Dubai right now...they are coming to a conclusion. Were the CBI meetings discussing, should we use this rate, should we do this, this this, that? No. What they were discussing is, 'Are we going to release it on this date at this rate and this is what we have to do and this, this, this and this.' Okay! Now these meetings IMO are coming to a conclusion. Yeah, they are working a few things but it's over and done with.
KRG delegation, oil and gas companies’ reps address resuming oil exports
ERBIL (Kurdistan 24) – A negotiating delegation of the Kurdistan Regional Government (KRG) consisting of a senior team of the Ministry of Natural Resources met with oil and gas production companies on Sunday in Erbil.
The meeting covered the most recent developments in the negotiations between Erbil and Baghdad regarding the oil laws and budget, as well as the actions taken by the KRG to protect the region’s constitutional rights and find a solution.
The meeting also expressed the Kurdistan Region’s desire to resume oil exports as soon as possible with the representatives of the companies, which requires finding a common understanding of all parties on the cost of production and transportation of oil.
Moreover, the meeting addressed the challenges faced by oil companies in the past few years, caused by a combination of global conflicts and the economic repercussions of the COVID-19 pandemic.
Finally, both sides decided to continue such joint meetings to find common solutions, resolve outstanding issues, and resume oil exports, set to play an important role in the economic recovery of the Kurdistan Region and Iraq.
The export of Kurdish oil through the Iraq-TĆ¼rkiye Pipeline has been halted since March 25 after Iraq claimed victory against TĆ¼rkiye at a Paris-based international court for allowing the KRG to independently export its oil.
Earlier on Dec. 5, the Association of the Petroleum Industry of Kurdistan (APIKUR) expressed its concern that Kurdish and Iraqi natural resource officials did not invite representatives from the organization to bilateral meetings.
APIKUR member companies complained they have “neither been included in these meetings nor been invited to participate in any future meetings between the KRG and GOI [Government of Iraq].”The meeting of the negotiating delegation of the KRG and oil and gas production companies, Dec. 10, 2023. (Photo: KRG)The meeting of the negotiating delegation of the KRG and oil and gas production companies, Dec. 10, 2023. (Photo: KRG)
[via PDK] ...I am hearing the push is to be well underway by [January]. I’m hearing they still want money moving by Christmas. But nobody knows the timing…
I have one real positive banking story. A banker who was working at one of the large banks that is planning on being part of all of this…they work in wealth management...he figured out the RV was real and started buying currency. He switched jobs because of pressure and went to work at another bank in a lower level of wealth management …
Well they told him they were preparing now for all of this…The RV and revaluations. This is another real world report from a member of our community telling us the banks are ready and this is real. This is very exciting to me...Upper level and mid level bankers are now being informed. I know of 5 stories like this just this month on people we personally know getting a “heads up” from bankers.
...a little ad...has been rolling all over Iraqi television lately. Talking about the dinar and how great it is. They are running ads talking about the future of the dinar...
Oil Continues Gains as U.S. Seeks to Buy Strategic Reserves, 11 DEC
Economy News _ Baghdad
Oil prices rose in early trading on Monday, continuing their gains for the second session as the U.S. seeks to revive its strategic reserves, providing some support, despite continued concerns about a glut of crude and weak fuel demand growth next year.
By 01:19 GMT, Brent crude futures rose 11 cents or 0.2 percent to $75.95 a barrel, and WTI crude futures increased seven cents or 0.1 percent to $71.30 a barrel.
The two crudes jumped more than 2 percent in Friday’s contract settlement, but fell for a seventh straight week, the longest weekly decline since 2018 as concerns continued over oversupply.
Despite the Organization of the Petroleum Exporting Countries (OPEC) and its allies, or the group known as OPEC+, to cut production by 2.2 million barrels per day (bpd) in the first quarter, investors remain skeptical that supplies will fall as production growth in non-OPEC countries is expected to lead to a supply glut.
This week, investors are squeaming interest rate indices from meetings of five central banks, including the U.S. central bank, and U.S. inflation data to see their impact on the global economy and oil demand growth.
...The big meeting in Dubai is finished now – everything is ready. Iraq is ready. They should be ready to celebrate. Then so should we. My Whale said it all looks good, everything is moving. By Mon. 11 Dec. they will be celebrating in Iraq and it is my opinion that so should we.”
Sandy Ingram
[We] tried to ignore this news however, that is not possible Article: "Iraqi PM places security forces under investigation over US embassy attack" Iraq is doing what they can, but have not been able to stop the attacks against American Forces in Iraq. Article: "Iran-backed militia vows more attacks after US Embassy in Iraq comes under fire" When you attack the embassy of another country, this is far more serious.
The Central Bank of Iraq confirmed some Iraqi banks are transferring dollars from their accounts to intermediary banks who are distributing the dollars to their customers. The Central Bank of Iraq said this will contribute to reducing the exchange rate of the parallel dollar...[We're] thinking this is to keep the black market intact. This means the decision to only use Iraqi dinar in all transactions beginning January 1, 2024 may cause concerns and the Central Bank of Iraq is making moves to control any possible issues.
Article: "Inflation rate in Iraq declines in 2023 compared to 2022"
The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022. Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022. Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...
Wealthy Iraqis move to the Caribbean. Guess who's on the list? ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch
individual involved in corruption.... The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical. Citizens can travel to 144 countries without a visa..
The country has no tax on foreign income, capital gains, inheritance, stock profits, wealth or gifts...The former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, obtained Dominica citizenship in 2017 along with his wife and two children and did not renounce it upon his appointment as governor of the CBI which was clear violation of article 18 paragraph 4 of the Iraqi Constitution. He held the position of governor of the Central Bank of Iraq from September 2020 until his removal by the current prime minister on January 23, 2023.. .
There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.
The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world...The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.
The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world...
The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...
Article: " Good News for Investors: US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"
Vietnam was not included on the US Treasury Department currency manipulators list this time. The list comes out twice a year and includes countries that may have surpassed the value of their currency. When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...
On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...
Article: "Inflation rate in Iraq declines in 2023 compared to 2022"
The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022. Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022. Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...
Wealthy Iraqis move to the Caribbean. Guess who's on the list? ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch
individual involved in corruption....The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical. Citizens can travel to 144 countries without a visa..
The country has no tax on foreign income, capital gains, inheritance, stock profits, wealth or gifts...The former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, obtained Dominica citizenship in 2017 along with his wife and two children and did not renounce it upon his appointment as governor of the CBI which was clear violation of article 18 paragraph 4 of the Iraqi Constitution. He held the position of governor of the Central Bank of Iraq from September 2020 until his removal by the current prime minister on January 23, 2023...
There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.
The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world...The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.
The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world...
The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...
Article: "Good News for Investors: US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"
Vietnam was not included on the US Treasury Department currency manipulators list this time. The list comes out twice a year and includes countries that may have surpassed the value of their currency. When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...
On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...
The Future Of Oil Is In Danger.. Final Hours To Announce A New Global Agreement On Climate
Economy 2023-12-11 1,581 views Alsumaria News - International An unprecedented dynamic to abandon fossil fuels clearly dominates the 28th session of the United Nations Climate Conference held in Dubai, amid opposition from Saudi Arabia and most OPEC countries, in addition to the ambiguity surrounding the terms of the possible settlement 24 hours before the end of the conference.
It is expected that a new draft of the conference’s final agreement will be revealed on Monday morning, the penultimate day before the conference’s conclusion.
This new text will launch an intense series of negotiations that may be followed by one or more nights during which delegates and observers will have no time to sleep. During 28 years, climate conferences rarely ended on time, according to [url=https://www.alsumaria.tv/Entity/123351/%D8%A3 %D9%81 %D8%A8/ar/]AFP[.
However, the designated president of COP28, the Emirati Sultan Al Jaber, who also serves as president of the giant oil company ADNOC, promised a “historic” agreement on December 12, the anniversary of the announcement of the Paris Agreement.
The agreement concluded in 2015 stipulates limiting global warming to less than two degrees Celsius compared to the temperature that was recorded in the world during the period that preceded the industrial revolution, and if possible to within 1.5 degrees Celsius.
“Everyone has to be flexible,” Al Jaber said on Sunday, adding, “We have to move forward much faster.”
The new text expected on Monday, which will likely include options or formulas in parentheses, will test Al-Jaber’s ability to reach a compromise in the final hours.
So far, delegates and ministers have made little progress despite arduous negotiations and the most secret bilateral meetings in Expo City Dubai, the venue of the conference. LINK
The Iraqi Dinar Crisis Sparks A Sharp Dispute Within The Finance Committee
Posted On2023-12-10 By Sotaliraq Al-Khazali revealed the loss of 35 trillion dinars and described the “Central Bank” as a “failure.”
Representative Muhammad Nouri Al-Khazali accused the Central Bank of failure and stealing state funds, which sparked a sharp dispute with the Finance Committee (Reuters)
Baghdad: Fadel Al-Nashmi - December 10, 2023 AD - Jumada al-Awwal 26, The crisis of the Iraqi dinar, whose exchange rates have been witnessing a continuous decline against the US dollar for months, has caused a sharp division within the ranks of the Finance Committee in the Iraqi Parliament, against the backdrop of strong criticism directed by its member, Representative Muhammad Nouri Al-Khazali, of the financial policies adopted by the Central Bank, revealing a loss of 35 trillion dinars. Iraqi (about 21 billion dollars).
Al-Khazali said in media statements: “More than 35 trillion printed Iraqi dinars do not exist inside Iraq, knowing that there are only two neighboring countries that deal with Iraq in dinars,” in reference to Iran.
He added: “The control of the parties and the existing quotas within the financial system is what established the failure of the Iraqi economy, and there is no country so far that relies on paper accounts and does not have final accounts in banks, no electronic automation, and more than 73 private banks except Iraq.”
He described the Central Bank as “a failure and does not aim for real management,” considering that “the control of some parties over its decisions affected the price of the dollar, and the biggest mistake was pricing the dollar in the budget at 132 thousand versus 100 dollars because it cost Iraq a loss of more than 9 trillion and the difference between it and Market prices are great.
Pointing out that the Iraqi economy is completely linked to the United States, Al-Khazali said, “We used to receive 3 payments in dollars, and today only one.” Also, the US Federal Reserve’s sanctions caused the exchange rate to explode, and it deals with us according to the missiles that fall on the Ain al-Assad base and the embassy,” referring to the missile attacks launched by armed factions loyal to Iran on the bases and places where American forces are present inside Iraq.
Al-Khazali’s statements sparked the anger and dissatisfaction of the Finance Committee and its head of the “State of Law” coalition, Atwan Al-Atwani, as she issued a statement in which she said: “We followed with great astonishment and disapproval the irresponsible statements made by Representative Muhammad Nouri Al-Khazali during his hosting on one of the satellite channels to talk about monetary policy in the country.” And the procedures of the Central Bank of Iraq.
The statement continued: “While we categorically deny the allegations made by Mr. Representative, as they lack credibility, accuracy and objectivity, and indicate his lack of familiarity with the procedures and duties of the committee, we express our strong rejection of these allegations due to their great abuse of the tasks and duties of the Parliamentary Finance Committee in particular and the legislative authority in particular.” general"
The committee called on the Presidency of the House of Representatives to “form an investigative committee to determine the veracity and source of these dangerous statements, and to take deterrent legal measures against anyone who intentionally harms the reputation of the Iraqi state and its constitutional institutions.”
It also confirmed that the monetary policy of the Central Bank, especially with regard to currency printing, is subject to monetary standards and foundations, and is consistent with the stability of the economic situation and the level of inflation, and that the Finance Committee has a clear work program to monitor the executive authority.
Representative Al-Khazali responded by launching a scathing attack on the Finance Committee and its Chairman, in which he said: “We saw the so-called important statement issued by the Finance Committee issued on December 9, and it contains many lies and attacks on me personally.”
He added: “After inquiring from the members of the Finance Committee, gentlemen and ladies, it became clear that they had no knowledge of the statement and that it was issued by Representative Atwan Al-Atwani (Chairman of the Committee), who exceeded his powers and used disrespectful words and phrases, and even went so far as to replace the Central Bank and defend its failed policy and demand the formation of An investigation committee was launched against me, forgetting that I am a representative and for what I say I bear personal responsibility.”
He continued: “While I hold him fully responsible for the material and psychological harm that was caused to me by resorting to the Iraqi judiciary, I am surprised by this trivial method of electoral competition, in which he wanted to confuse facts as clear as the sun, the most important of which is that the biggest cause of these financial problems is that the so-called Atwan Al-Atwani was It is still a reason for the failure of the Finance Committee to perform its oversight mission.” LINK
The first 12/11/2023 Baghdad: Muhannad Abdul Wahab The Parliamentary Finance Committee called on the Central Bank, taxes, ports, national security, and the rest of the concerned parties to adopt a tight electronic automation system in external and internal transactions to control the rise of the dollar.
A member of the Parliamentary Finance Committee, Mustafa Al-Karawi, said in an interview with “Al-Sabah”: “The operations of supplying the dollar from the US Federal Bank will ease the pressure and contribute to providing the currency for internal and external commercial transactions, and at the same time the government will control the dollar file through the Central Bank of Iraq as it is part of From the system regulating the dollar dealing strategy.”
Al-Karaawi called on the rest of the government agencies, such as customs, taxes, and border crossings, to “strive more to implement their duties to control the issue of the rise in the dollar, in addition to the National Security, which follows up on trade exchange operations.”
He added, "The operations of controlling the dollar require a complete circle of work and concerted efforts between the Central Bank and the relevant government agencies so that we can control foreign transfers and compare incoming goods with outgoing goods. This is a positive step towards automating dollar transactions through a strict system that controls the movement of the dollar."
Rumor the exchange rate had changed. It has not changed...It doesn't make sense for them to change the exchange rate in one location and not another. What's to keep people from taking their Iraqi dinar to the new 1 to 1 location, exchanging their currency, getting tons of money, running back over to another location that has not yet changed the exchange rate, buy more cheap Iraqi dinar, then run back over to the new exchange rate...You're making millions of dollars. This is why you'll never hear, 'Oh, they have an in-country rate and out-country rate.' No, the rate is the same. That doesn't make any sense whatsoever...no where out there is there a location where it's 1 to 1 and not at other locations.
Remember Iraq is an importing country, not like Vietnam who's exporting...They have room for the Iraqi dinar to grow. This will allow them allow them to bring in goods from around the world to the Iraqi people...
Question: "Article 140, HCL, Oil and Gas - RV ready?"
Even if they pass that doesn't mean the RV is going to to happen. That's what I keep telling people...There are people out there...telling you, 'Yeah, once the HCL, oil and gas law passes then we're going to see an increase in the exchange rate.' They say that about everything. 'Well, the new budget, it's impossible for them to move forward without a higher exchange rate.' Or 'They can't get into the World Trade Organization without a higher exchange rate.' All those are lies. They can.
Iraq to Form a Permanent Council for Private Sector Development, 11 DEC
In a significant move aimed at fostering growth within the private sector, the Ministry of Planning in Iraq, under Prime Minister Mohammed Shia al-Sudani, has announced the upcoming formation of a permanent council dedicated to this sector’s development. This move indicates a strategic shift towards diversifying the Iraqi economy, traditionally heavily reliant on oil revenues. The establishment of this council is designed to encourage private sector participation in economic activities.
A New Dawn for the Iraqi Economy
The imminent formation of the council signals the government’s intent to create a more conducive environment for business in Iraq. It is an attempt to attract investment, generate employment opportunities and, in the long run, contribute to the overall development and prosperity of the nation. This move could mark a new dawn for the Iraqi economy, steering it away from its dependency on oil and towards a more diversified economic structure.
Encouraging Private Sector Participation
The initiative to form a permanent council for the development of the private sector is indicative of the government’s recognition of the crucial role that this sector can play in the country’s economy. By encouraging private sector participation, the government is not only looking to diversify its economic activities but also to create a more balanced and resilient economic structure. This initiative will not only benefit the private sector but will also have a far-reaching impact on Iraq’s socio-economic landscape.
Charting a Course towards Prosperity
The formation of the council is expected to catalyze the growth of the private sector, creating a ripple effect that will lead to increased investment, job creation, and economic growth. This move is a clear indication of Iraq’s strategic effort to chart a course towards prosperity and development, leveraging the potential of the private sector. With this initiative, Iraq is poised to redefine its economic narrative, ushering in a new era of growth and development.
CIA Director’s Stern Warning to Iraq: Consequences of Inaction Against Attacks
In a rather stern move, the Director of the CIA, William Burns, has issued a resolute warning to Iraq’s Prime Minister, Mohammed Shia al Sudani. Burns stresses the harsh consequences that Iraq could face if it fails to halt attacks on U.S. military facilities perpetrated by Iran-backed factions. These assaults, largely retaliatory measures against Washington’s support of Israel and its military presence in Iraq and Syria, have heightened tensions in the region. This warning underscores the U.S. government’s persistence for Iraqi intervention to prevent further attacks on its interests.
Condemnation and Calls for More Action
Prime Minister Al Sudani has openly criticized these attacks and U.S. counter-strikes, labeling them as violations of Iraq’s sovereignty. However, the United States insists that Iraq must take more decisive action to prevent such incidents. The U.S. stance is clear: Iraq’s inaction or insufficient action could risk its security and strain its relationship with the United States, potentially leading to severe repercussions.
Extension of Sanctions Waiver Amid Criticism
In a strategic move, the U.S. has extended Iraq’s sanctions waiver by four months, allowing Baghdad to continue purchasing Iranian electricity. This decision, however, has not been without its critics. Some proponents of a hardline stance against Iran in Washington argue that this waiver would inadvertently boost revenue for Tehran, even as its proxies continue to wage war against Israel.
Stakes for Iraq and U.S. Relations
This development underscores the seriousness of the situation and the U.S. government’s insistence on the Iraqi government’s role in safeguarding its forces stationed in Iraq. The diplomatic tightrope that Iraq must walk is fraught with danger. On the one hand, it must maintain its relationship with the U.S. On the other hand, it must navigate a complex web of regional alliances and conflicts. The coming months will bear witness to how well Iraq can balance these competing interests.
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
Member: Good morning to everyone here, this morning
Member: Hope everyone has a great day today! only 3 weeks left until 2024, let's see what transpires...
Member: Have whales been paid?
MZ: There is a whole lot of rumors out there…but whales have not been paid. A number of groups have been funded and are positioned….but they have not distributed funds yet.
Member: "Funded and Positioned" is huge! It is not the same as liquid, but let's acknowledge it is something to acknowledge and celebrate..
Member: A sudden week off from school in Iraq. Starting on 12/13/23 and ending 12/20/23.. This was out of the blue from the government of Iraq. This was in my inbox this morning.
MZ: I had not seen that yet but it would sure fit with all the timing I am hearing. Lots of focus on the 13th-17th.
Member: From Frank26: There is no more guessing… The World Bank has just told the whole world Iraq is about to raise the value of its currency!
Member: Seems the boards are saying Reno and Zurich are either released or in the process
MZ: My bond and group side is very quiet right now. That’s to be expected on Monday mornings.
Member: Nader is saying not until January.
MZ: That’s only 3 weeks away…..I could live with that if it’s accurate. But I am hearing the push is to be well underway by then. I’m hearing they still want money moving by Christmas. But nobody knows the timing……
Member: Dinar recaps article reported 35 TRILLION Dinars missing from government accounting . Could that be why hold up?
Member: Mark it is looking like Operation Sandman by all these countries de-dollaration
Member: What is operation Sandman?
Member: It’s a rumor that over 100 countries agree to dump the US dollar at the same time to crash the old system.
MZ: There is a lot going on in BRICS right now. De-dollarization all over shows just where we are headed. There is a mad dash to de-dollarize by the first of the year….by nearly all countries involved …which is unusual. They all seem to be on the same time schedule which is very interesting.
MZ: “India makes huge announcement about Pakistan joining BRICS” Pakistan really wants in BRICS and india holds the deciding vote. Will be interesting to watch.
MZ: Announcement from BRICS “ $2 Billion in copper trade to be paid in Chinese Yuan-ditching the US Dollar” This is another big story which is part of the “de-dollarization” and possible collapse of the SWIFT system.
MZ: “Argentina limits bank ‘s dollar holdings as devaluation looms”
MZ: “BRICS: Putin says western banking dominance will end” This is from when Putin was traveling abroad in Saudi Arabia. He says BRICS are rushing in a new era by replacing the fiat system with a new world order.
Member: The US is being a bully in the world and it is time the bully gets knocked off their pedestal.
Member: I heard fiat starts to crash –Dec 15th… Ariel said banks go down 15th
Member: You may be right about that. All sorts of posts talking about December 19th and around that time as being incredibly significant.
Member: I wonder if a country can revalue asset backed if it is not part of BRICS yet?
Member: So how many Dinarians are here in the US?
Member: I believe that less than 1% of the people in the U.S. know about the RV and Nesara and the QFS.
Member: Any idea who our notification emails will come from? Will it be specific banks, or something more generic?
Member: The dinar sites like Dinar Recaps and Chronicles will send out exchange instruction emails to their subscribers…..They should also post the information at their sites that anyone can go read….Also Mark, Bruce, Frank, TNT ect….will be posting all about it….you will not miss it.
Member: Why is it called an RV?
MZ: RV is short for Re-Valuation of currencies…..
Member: I wonder if we will we be able to exchange our fiat dollars for rainbow gold backed currency at the redemption centers?????????????????
MZ: I am told no. They are only interested in redeeming foreign currency at the exchange appointments. They do not want to deal with large amounts of cash at our appointments for security reasons. But you can exchange fiat for new currency at any bank….or go out and spend it during this period they give us…..I heard we will have 90 days to 6 months in which to change out our old fiat currency for asset backed….
Member: Any bank stories today?
MZ: I forgot to give one I have…remind me tonight.
Member: Will do, we love the bank stories!!
Member: Time for talk is over, it's time for ACTION!!
Member: I heard 13 years ago that it would be crazy at the end. I never thought it would be this bad.
Member: Everything is distractions. It is designed to keep us at a lower frequency. Focus on positivity and good things.
Member: I had a dream that the RV has happened, med beds are released, humanitarian projects have begun and I was sharing funds. wonderful dream
Member: 12:12 NEW MOON PORTAL OPENING TOMORROW, OPENS 2 DAYS BEFORE, DURING AND 2 DAYS AFTER...TIME TO MANIFEST!!
Member: Mark Z and mods….thank you for all you do for this community.
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
