DINAR REVALUATION: 01/23/24

Tuesday, January 23, 2024

Despite the international economic downturn. Iraq makes progress in global social progress index, 24 JAN

Despite the international economic downturn. Iraq makes progress in global social progress index, 24 JAN

Mawazine News – Baghdad
Kuwait, the United Arab Emirates, Qatar, Oman, Egypt and Iraq have made progress in the progress index, as these countries have already ranked successively, 55, 68, 90, 80, 113 and 118 globally, while Lebanon recorded a decline in this ranking, as it previously occupied 89th, as well as the case of Jordan, Tunisia, Algeria and Morocco, which were successively ranked 82nd, 72, 95 and 100.
Kuwait maintained its ranking in the first place in the Arab world social rankings, issued by the Washington-based non-profit Social Progress Imperial, followed by the United Arab Emirates and Qatar, while Denmark topped the list globally of 170 countries, followed by Norway and Finland.
In its classification of countries, the Social Progress Index is based on 3 basic indicators: basic human needs, the foundations of a decent living, and opportunities.
Each of these indicators is calculated based on 4 factors with equal weight ratios, with a result between zero and one hundred, as stated in the bulletin prepared by the Economic Research Unit at the Lebanese Credit Bank, so that the basic human needs index includes, for example, nutrition factor, basic medical care, water and sanitation, shelter, and personal safety.
As for the indicator of the foundations of living well, it covers the aspects of the availability of basic knowledge, information and communication, health, and environmental quality, while the opportunity index deals with: personal rights, personal freedom, freedom of choice, acceptance of the other and inclusion, and the ability to benefit from higher education.

The global average for 2024, scored 63.44 in the Social Progress Index, and the best performance in the Basic Human Needs Index with a score of 77.04, then the Decent Living Index with a score of 61.52 and the Opportunities Index with a score of 51.76.
The report pointed out that the best result emerged in the shelter standard (80.34), followed by the water and sanitation factor (79.23) and the nutrition and basic medical care factor (77.04), while the worst performance of the global average of the index came under the standard of environmental quality factor (48.97) and the access factor to advanced education (43.04).
The results.. In the numbers

The Social Progress Index helps to understand how people live in the countries of the world, and how to accelerate progress. In its latest report, it revealed that 61 countries have witnessed a significant decline in their social progress in 2023, while another 77 countries are suffering from social recession, and barely 32 countries have made real progress. As a result, it was concluded that four out of five people in the world live in a country where social progress is stagnant or decline.
In numbers, Kuwait scored 73.44 points out of a hundred points, ranked 48th in the world, and in details it received 92.27 points in the basic human needs index, 71.42 points in the welfare foundations index, and 58.64 points in the opportunities index.
While the UAE scored 72.92 points ranked 51st in the world, and won 89.27 points in the Basic Human Needs Index, 75.56 points in the Foundations of Decent Living Index, and 53.93 points in the Opportunities Index.

Qatar ranked 65th in the world with 69.29 points, with 90.02 points in the Basic Human Needs Index, 67.86 points in the Living Well Foundations Index and 49.98 points in the Opportunities Index.
The authority of Oman ranked fourth regionally and 68 in the world, and received 68.52 points in the Social Progress Index, while it scored 87.08 points in the Basic Human Needs Index, 67.14 points in the Foundations of Decener Living Index, and 51.34 points in the Opportunities Index.
As for Jordan, it ranked fifth regionally and 84th in the world, followed by Bahrain, which ranked 89th in the world, followed by Saudi Arabia in 90th place, then Tunisia in 91st, Lebanon in 96th, Algeria 97th, Morocco 101st, Egypt 108th, Iraq 113th, Libya 115th, Syria 139th, Mauritania and Sudan 147th and 155th.
The latter ranks were for African countries, with Chad ranked 168th, Central Africa 169th and South Sudan last.

https://mawazin.net/Details.aspx?jimare=240939

"RV UPDATE" BY CLARE, 24 JAN

Clare

Article: "Dollar prices decline in Baghdad and Erbil with the closure"

WORLD ECONOMIC FORUM ANNUAL MEETING

ACHIEVING SECURITY AND COOPERATION IN A FRACTURED WORLD

A Conversation With Mohammed Shyaa Al Sudani, Prime Minister of Iraq

January 18, 2024 10:30–11:00 CET

A conversation with Mohammed Shyaa Al Sudani, Prime Minister of Iraq
Simultaneous interpretation in English and Arabic>

Centre for Regions, Trade and Geopolitics

The Forum's Centre for Regions, Trade and Geopolitics is helping stakeholders shape progress on global and regional priorities within the most complex geopolitical and geo-economic landscape in decades.

Explore more

Public Speakers

Mohammed Shyaa Al Sudani

Prime Minister of Iraq, Office of the Prime Minister of Iraq

John Harris- Founding Editor, Politico

https://www.weforum.org/events.....r-of-iraq/

Clare: International Finance Corporation: We want to expand our business in Iraq as an investment region

1/17/2024 Baghdad

The International Finance Corporation announced, on Wednesday, its desire to expand its work in Iraq as an attractive region for investment.

The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani met in Davos with a delegation from the International Finance Corporation/IFC, headed by Executive Vice President Mokhtar Diop.”

The statement added, "The meeting witnessed a review of the prospects for cooperation between Iraq and the international institution, a member of the World Bank Group, in light of the Iraqi government moving forward with economic reforms and implementing major strategic and investment projects."

Al-Sudani confirmed, according to the statement, “the government’s readiness to develop the scope of cooperation and partnership with the international institution, especially after the signing of a contract between the Civil Aviation Authority and the international institution to prepare an investment portfolio regarding the Baghdad International Airport development project to be on the same level as international airports, and compatible with international standards in a comprehensive manner.”

For its part, the International Finance Corporation delegation expressed its desire to expand its work in Iraq as an attractive region for investment, as well as to participate in the Strategic Development Road project and the major projects attached to it. LINK

https://dinarevaluation.blogspot.com/2024/01/analysis-of-iraq-news-by-clare-18-jan.html

Article: "The House of Representatives discusses the latest requirements for Iraq’s accession to the World Trade Organization" Quote: "... Iraq has completed all the requirements for joining the World Trade Organization in 2023, and only legislation remains."

Article: "Al-Sudani leaves Baghdad for Switzerland to attend the Davos Forum" Quote: "On Monday, Iraqi Prime Minister Muhammad Shiaa Al-Sudani left the capital, Baghdad, for Switzerland to participate in the 54th session of the Davos Economic Forum."

Article: "With the exception of Iraq...the World Bank announces a rise in food sector inflation in the world" Quote "...the International Monetary Fund announced a decrease in the inflation rate in Iraq, which is expected to stabilize due to the policy of the Central Bank of Iraq and the impact resulting from raising the exchange rate of the Iraqi dinar..."

"RV UPDATE" BY CLARE, 9 JAN

Clare

Article: "An Iraqi delegation heads to Washington within days, followed by a visit to Sudan" Quote: "Iraqi delegation will head to Washington within days, followed by a visit by Prime Minister Muhammad Shiaa Al-Sudani."

Article: "Selling an Iraqi currency dating back to the era of “King Ghazi” for 100 thousand pounds sterling" Quote: "A very rare Iraqi currency dating back to the royal era was sold in the country, today, Monday, at a fantastic price of 100,000 pounds sterling, or approximately 187 million Iraqi dinars ."

Article: "Expectations that the decline in dollar prices will bring benefits to the Iraqi individual " Quote: "In order to reduce the price of the dollar in the local market, the Central Bank of Iraq specified, yesterday, Sunday, the entities covered by receiving their external transfers in cash in the dollar currency, starting from January 2, 2024. "

Article: "A financial expert points out the reasons for the continuous decline in the dollar exchange rate" Quote: "On Monday, financial expert Nabil Al-Ali attributed the continued decline in the exchange rate of the US dollar towards the Iraqi dinar to...the change in the attitudes of merchants and public opinion through their conviction of the strength and status of the dinar...The dollar exchange rates against the Iraqi dinar will continue to decline, thus touching the official rate specified by the Central Bank ."

Article: "The Iraqi Dinar Overthrows The Dollar And Wins The Struggle To Control The Regular Market” Quote “The US Treasury continues its cooperation with the Central Bank of Iraq,as many Iraqi banks have now formed relationships with international banks for the first time.”

Article: " CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules " Quote: " For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html

Article: "CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules" Quote: "For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html

🔥Iraqi Dinar🔥IQD/VND = Same Rate As $3.66 US Dollars | Very Strong Dong ...

NATO: Iraq Is A Regional Leader In The Region And Today It Is More Secure And Stable, 24 JAN

NATO: Iraq Is A Regional Leader In The Region And Today It Is More Secure And Stable

NATO confirmed today, Tuesday, that Iraq is a regional leader in the region and is today more secure and stable .

A statement from the Office of the National Security Adviser, received by Earth News, said, “Al-Araji received the Assistant Secretary-General for Operations at NATO, Thomas Coffs, in the presence of the Commander of the NATO mission in Iraq, Lieutenant General Jose Aguero.”

During the meeting, according to the statement, the work of the NATO mission in Iraq was reviewed, and ways to enhance cooperation and partnership with the alliance were discussed, in a way that would increase the capabilities of the Iraqi forces. Al-Araji stressed that “the international community is witnessing the improvement of the security situation in Iraq and the development of the security capabilities of the Iraqi forces.”

The National Security Advisor also expressed Iraq’s great concern about the killing of children and women taking place in Gaza, noting that “everyone is calling for the war not to expand, but unfortunately it has expanded, and the continued bombing in Lebanon and Syria is an attempt to drag these countries into entering the war.”

He stated that “Iraq seeks not to be an arena for conflict between others, and that its policy is to solve problems through diplomacy and dialogue, and to distance itself from entering into any axis of conflict.”

He pointed out that “Iraq is keen to ensure that its relations are positive and balanced with everyone,” stressing the importance of the international community remaining cohesive against the remnants of the terrorist ISIS and extremist ideas. ;

For his part, Koves stressed that “NATO seeks to develop the activities of its mission to include the Ministry of the Interior, and to strengthen its partnership with Iraq to greater extents,” reiterating that the NATO mission is an advisory mission, not a combat mission, and that Iraq is a regional leader in the region, and is safer today. And stability.

"RV UPDATE" BY GOLDILOCKS, 24 JAN

GOLDILOCKS

"What is the difference between distressed and opportunistic credit?

Dedicated distressed credit funds have almost 'disappeared' and been replaced by opportunistic credit or 'special situations' funds which typically target a much less cyclical opportunity set that is less dependent on a default cycle while retaining flexibility to invest in bankruptcy and restructuring scenarios."

"It may be helpful to think of opportunistic credit as an investment in dislocation. Put simply, it's a strategy that seeks to capitalize on periodic disruptions across public and private credit markets that can cause assets to become mispriced."

Take a look at these articles below, and you will notice how many companies are currently restructuring their debt and moving into opportunistic credit.

https://www.frontieradvisors.com.au

The Frontier Line - The 'new' state of distressed and opportunistic credit

https://www.alliancebernstein.com

Opportunity Knocks: Investing in Dislocation | AB - AllianceBernstein

https://www.sec.gov/cgi-bin/browse-edgar?company=&filenum=812-15468&action=getcompany

Iraqi dinar big monumental achievement 🔥 Dinar revaluation news and updates

Romanski: Deposits in Iraqi banks increased to 37 percent, 24 JAN

Romanski: Deposits in Iraqi banks increased to 37 percent

The US Ambassador to Iraq, Alenia Romanski, announced today, Tuesday, that the total deposits held in Iraqi commercial banks have increased by about 37% over the past two years.

The ambassador said in a post on the X platform, “Data from the Central Bank of Iraq indicates that the total deposits held with Iraqi commercial banks increased by about 37% during the past two years, and from 2021 to 2022, the total number of people with a bank account in banks increased.” Local by 31%.

She added, “We have made impressive progress. By working with Iraq on reforms, we are contributing to building confidence in the banking sector, as modern banking services enable us to promote a greater amount of foreign investment and protect funds from financial crimes, theft and loss.”

almutalee.com

"RV UPDATE" BY PIMPY, 24 JAN

Pimpy

When people say they have to be article VIII compliant, they have to delete the 3-zeros, they make it sound like it's a mandate. They don't have to delete the 3-zeros. It's idealistic if they do but they don't have to delete the 3-zeros...No where does it say it's mandated.

There is a lot of good news out there for Iraq. But you can't keep reporting the good news and saying that's the reason why it's going to be reinstated at $3.22. There's no way they can carry out all these projects because they can't afford to. That's a lie. They've already calculated it in their budget the necessary money needed to do these projects. They did it at the current rate. Don't fall for that crap.

I never said it's not going to happen. It absolutely will but it's going to go up in increments IMO. Is Iraq doing what they need to do to get back on track? They are. What are the biggest hurdles? They need to do something about corruption...Unless these things change we're going to have a hard time getting to where we're trying to...change the exchange rate.

Iraqi Dinar✅Iraqs Join WTO With New Exchange Rate? | Iraqi Dinar News To...

Advisor to the Prime Minister: We will investigate the Guardian newspaper’s allegations about UNAMI corruption in the file of reconstruction of liberated areas, 23 JAN

Advisor to the Prime Minister: We will investigate the Guardian newspaper’s allegations about UNAMI corruption in the file of reconstruction of liberated areas

Advisor to the Prime Minister, Farhad Alaeddin , confirmed that Iraq will contact the highest authorities in the United Nations to discuss the details of the allegations of suspicions of corruption in the contracts of the liberated areas reconstruction project involving international employees of the UNAMI mission.

Aladdin said, “The matter will be investigated, and those involved in corruption files will be referred to the competent authorities, and all programs that have been worked on will be reviewed to find out the truth . ”

The British newspaper The Guardian had revealed what it called a “ sounding scandal” carried out by international employees of the UNAMI mission involved in corruption files in the contracts of the United Nations Development Program and the reconstruction project for the liberated areas . Pointing out that the workshops run by the United Nations Development Program are “frivolous” and lack strategic cohesion, and that those with influence in the program want to burn money and show donors that they are holding the workshops .

dijlah.tv

"RV UPDATE" BY MILITIAMAN, 23 JAN

Militia Man

Big push...They are finishing the reforms...But one of the things they need...is an international currency exchange rate. They haven't started pumping oil to the Cyan Port yet, why? Because they haven't had a customs valuation yet. Why haven't they gone to the WTO just yet? Because the WTO is going to need what? Valuation. What did they say they were going to bring in the short term?

The customs valuation with the WTO...They need big movements. They're going to need a Real Effective Exchange Rate. 1310 is radically different than what I believe a Real Effective Exchange Rate is.

Article "The ports discuss the operational plan for the years (2023-2024)" Al-Sudani told us this the year of achievements. Finishing the Port of Faw 100% this year will be flat out amazing. Having it 100% operational is going to bring massive revenue stream into the country for decades and decades to come.

The whole thing is basically doing what? Restoring confidence, engaging the private sector. Iraq's going to be going international. What we expect to see is that Iraq has an IMF article VIII compliant currency that has a Real Effective Exchange Rate (REER) that supports the value of the currency and does restore that confidence...Is 1310 exchange rate going to restore confidence? ...In my belief absolutely not.

Evening News with MarkZ. 01/23/2024

Tuesday 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

Mod: HELLO EVERYONE! HOPE YOU ALL ARE HANGING IN THERE.

Member: Good evening Mark and Mods. Got good news tonight Mark?

MZ: There is an enormous piece of news I bet is already swamping the boards .Somewhere in the last 48 hours appearing on the website of the Bank of International Settlements (BIS) .

MZ: “Central Bank and Monetary Authority Websites” Scroll down and click the “I” button. In Iraq they have made it to the BIS website now as a “Central Bank” I believe this is an enormous sign that we are about to see a “boom “ in the World Trade Organization. To me this is a big one.

Member: When the IQD goes into a basket- will it go up or down within a few days?

MZ: It will immediately go up …you won’t see a dip when the attache to the foreign basket of middle eastern currencies. .

Member: TNT Tony says Friday thru Sunday

Member: If it comes out 1 to 1. I’m out of here headed to bank !

MZ: This one –well, I don’t know how seriously to take it …I will send it to my best “litmus testers” and see what they think… “Insider Info: 400 thousand Wells Fargo and HSBC emails unleash financial redemption and skyrocket Zim bond wealth” This is from Gazette Teller. This certainly hits the right sound buttons but may be us getting “trolled” So don’t read to much into it.

Member: I have a cousin …VP for bank said yes to new currency but is under NDA

Member: Do you think we are going to have a Debt Jubilee?

MZ: Yes I do. If you follow history you will know we are going to have a debt jubilee. Economists from all over the world tell us the only way forward is with a debt jubilee. The world wide debt load is untenable.

Member: Envision the world that you want and see yourself living in it, manifest what you want

Member: I can feel it in my fingers, I can feel it in my toes, RV is all around us and everybody knows”

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.

TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

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!

Iraqi dinar | Iraq's Monumental Achievements: CBI and PM Al-Sudani Set t...

Specialists: Islamic Sukuk Are An Alternative To Financial Instruments, 23 JAN

Specialists: Islamic Sukuk Are An Alternative To Financial Instruments

Economical 01/23/2024 Baghdad: Hussein Thaghab Interest is growing in adopting Islamic sukuks as part of Iraq's strategic policy, as they are an important alternative to other financial instruments that depend on interest, and which can finance the deficit suffered by the federal general budget.

During the first annual conference, the Center for Banking Studies at the Central Bank of Iraq considered Islamic bonds part of Iraq's strategic policy.

He stressed the acceleration of the legislation of the “Islamic Sukuk Law in Iraq.” The participants also stressed the need to pay attention to developing appropriate legislation in order to make it successful in Iraq, and to make a media and promotional effort to spread the culture of investment in Islamic Sukuks among banks and financial institutions before the law is enacted.

Islamic banking specialist Professor Dr. Sadiq Rashid Al-Shammari pointed out that the advantages of sukuks are several, the most important of which is financing large projects that no single entity has the capacity to finance.

They are an investment channel for absorbing financial surpluses that their owners wish to invest and recover easily. They also contribute to managing liquidity in cases of deficit and surplus. If the bank has surplus liquidity, invest.

What he has in buying sukuks, and if he needs liquidity, he sells them with ease in the secondary market or the stock exchange, in addition to the fair distribution of wealth, because it links investment to reality and the real economy and enables all investors to benefit from the project’s profits in a fair way, as wealth is distributed on a large scale without Be a country among the rich, diversify your portfolio investments and spread your risks.

Investment sukuks mean that they are a document issued in the name of their owner or holder in denominations of equal value to prove the right of their owner to the financial rights and obligations they represent, and that they represent a common share in the ownership of assets designated for investment, whether objects, benefits, services, or a mixture thereof, and moral rights, debts, and money, and they do not represent debt. Issued to the bearer.

He added that the sukuk, especially the sukuk of leased assets, are characterized by being an off-budget financing instrument, as the leased assets are owned by the sukuk holders during the term of the sukuk, and the obligation of the sukuk holder is limited to paying the rent to the sukuk holders, which is a revenue expense.

On the contrary, in the case of borrowing to finance the purchase of some assets, this leads to... To increase the value of liabilities because they are capital expenditures, this type of sukuk also has zakat and tax advantages.

He pointed out that Islamic sukuks can attract customers by providing high-quality services and providing the necessary financing for them to activate their commercial, investment, industrial and agricultural operations.

They also provide sufficient liquidity available to dealing investors, which is the desired goal of creating trust and achieving security, that is, achieving actual cooperation between those with financial surpluses.

And project owners who use these surpluses and not transfer the risk to one party or the other by creating advanced products capable of competing with the products offered by traditional banks, provided that they do not conflict with the rule of Sharia.

The Director General of the Center for Banking Studies at the Central Bank of Iraq, Dr. Bassem Abdul Hadi Hassan, highlighted the importance of submitting the draft Islamic Sukuk Law to the House of Representatives, so he is keen to discuss the role of Islamic finance and the Sukuk market in particular as a vital financial tool that contributes significantly to development.

Economic.

He added that the Central Bank of Iraq has a major role in this process by proposing the Islamic Sukuk Law and providing technical and practical assistance to the relevant authorities in the Islamic banking sector, and therefore it has become useful to learn about international experiences in this field, especially Arab ones. https://alsabaah.iq/90893-.html

"RV UPDATE" BY MARKZ, 23 JAN

MarkZ

[via PDK] Comment: I believe the Iraqi dinar has to come back where it went out at. $3.22. And the VND has to come back to $2.27. According to the IMF? MarkZ: If you correct the VND back to its old value it would be about $2.21 to $2.30…depending how they adjust for inflation…but, yeah. This is why I believe certain values will make more sense. These follow historic norms for revaluations.

Question: Can you clarify who has the authority and final say on the RV of the Iraqi Dinar?

MarkZ: It is the US Treasury. But the UST is controlled by the western banking world elites….

That’s who has been stalling it. Iraq and BRICS has been doing everything to force them into a corner where they have no choice but to go. That is what we have been watching. It would have gone years ago if it wasn’t for the western banking world. Here in the US – the western banking elites representatives is the US Treasury... IMO they are doing everything right to force the US treasuries hand. Iraq told us in Dec. they would totally de-dollarize after Jan 1….

Iraq is again discussing the change in dinar value openly. This makes more than 4 articles etc…in the last week. They are expecting a major change in the valuation of their currency soon.Also still talking about pegging to a basket of middle eastern currencies in order to compete with the US dollar. Also in the news there seems to be big happenings in the Iraqi currency auctions. Bringing in much more dinar. They are making all the moves we expect to see just before a revaluation. They are telling us it is coming… it is very clear how close we are.

🔥Iraqi Dinar🔥Release the New Exchange Rate🔥News Guru Intel Update IQD Va...

IQD Will Be Stronger than Dollar!💣China Invested!🤔Iraq Dinar RV Updates ...

Transportation Sets The Date For The Opening Of The First Commercial Exchange Square In Baghdad, 23 JAN

Transportation Sets The Date For The Opening Of The First Commercial Exchange Square In Baghdad

Economy | 11:01 - 01/23/2024 Mawazine News - Baghdad Today, Tuesday, the Minister of Transport, Razzaq Muhaibes Al-Saadawi, set the date for the opening of the first commercial exchange square, and while he indicated that it will be advanced, he stressed that these squares will be provided with electronic gates, offices, and services.

Al-Saadawi said, “The number of commercial exchange squares reached 4 squares, one square in the Baghdad belt at the entrance to Yusufiyah, with an area of 400 dunums. The completion rate of the first phase reached 80 percent, and it is hoped to be opened during the current year,” noting that “the second square is at the entrance to Kut and the third is at the entrance to Diyala.” The fourth is at the entrance to Salah al-Din.”

He added, "These squares help relieve traffic congestion and prevent trucks from entering the capital, Baghdad, in order to maintain the infrastructure and provide great job opportunities."

He pointed out that "the squares will be equipped with electronic gates, offices, and services," stressing that they are "advanced and different from the old squares."

https://www.mawazin.net/Details.aspx?jimare=240885

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 23 JAN

Frank26

[Iraq boots-on-the-ground report]

FIREFLY: TV showing the meeting in Davos with CBI governor, IMF, World Bank and Sudani have shortened the time on financial and banking reform. They're saying it's a shorter time expected now to complete the reforms.

FRANK: He is telling you they are very very close to giving you the new exchange rate with the lower denoms...What happened at Davos put the monetary reform on light speed.

FIREFLY: On the economic news an economic specialist is saying Iraq needs to use a basket of currencies to add value to the dinar against the dollar.

FRANK: Sudani sends out another expert in the financial field that you know and trust...Exactly what we've been telling you. This is the next phase IOO... This is the most powerful part of the monetary reform education to you as an Iraqi citizen...The basket of currencies is required in order to add value to the Iraqi dinar.

They will never talk to you about something that needs to be done. They will talk to you about it after it is done. That is what is called the float and that is what is going to take you back to your RI. Your currency rate has to be reinstated back to $3.22 but that's the international side of Iraq...

The goal of the CBI is to reach the Real Effective Exchange Rate. In doing so it adds value to you even thought it's 1 to 1 in country...It will stay at 1 to 1 to the American dollar in Iraq but you will finally have your purchasing power that you have long waited for.

DR SHABIBI ON IRAQI DINAR Deletion of zeros and exchange rate BY PIMPY

Iraq Recovers Huge Sums Of Money From The UAE, 23 JAN

Iraq Recovers Huge Sums Of Money From The UAE

January 22, 2024 Baghdad/Al-Masala Al-Hadath: The Federal Integrity Commission announced, on Monday, the recovery of the first batch of funds owed by a convict from the United Arab Emirates.

The authority stated in a statement that “the efforts of the Recovery Department resulted in the recovery of a first payment of the amount that the convict deposited in a bank in the Emirates,” indicating that “in 2005, the Iraqi Central Criminal Court issued a pre-trial ruling of (8) years’ imprisonment against the convict who committed “For robbing government banks after the events of 4/9/2003, it also ruled to confiscate an amount of (500,000) thousand dollars that he deposited in a bank in the UAE.”

She added, “The recovered amount was transferred from the Emirates to the Rafidain Bank account through a debt collection company,” noting “the role of the Iraqi embassy in Abu Dhabi in following up on the transfer of the amount.”

She pointed out that “the case file against the convict was sent to the Ministry of Foreign Affairs from the Supreme Judicial Council - Head of Public Prosecution, and it was sent to the UAE judicial authorities.”

She continued, “The follow-up procedures resulted in the issuance of a ruling by the Emirati judiciary obligating the convict to pay an amount of (960,100) thousand dollars to Rafidain Bank, followed by the affected party, confirming that the authority will continue to follow up on the recovery of the entire amount owed by the convict.” https://almasalah.com/archives/80339

Coffee with MarkZ. 01/23/2024

PDK Note: I will only transcribe RV Related or Intel with Financial relevance. If any certain podcast is mainly about politics and social opinions or any political –type picture posted on Marks videos I will not do any notes. So if there are no notes transcribed…that may be the reason

Tuesday News with MarkZ

Some highlights by PDK-Not verbatim

Member: Good Tuesday Morning

Member: Sure hope Mark has good news today.

Member: Today could be very interesting for banks who aren't Basel 3 compliant.

Member: For the Basel 3 - does the bank as a company have to be compliant or each branch?

MZ: Overall the parent bank needs to be Basel 3 compliant …not each individual bank branch….as I understand it. Its one corporate entity.

Member: Do private banks need to be Basel 3 compliant?

MZ: Yes- if they have a banking license they will have to be Basel 3 compliant.

Member: Is tomorrow the big day?

MZ: We will see soon.

MZ: On the bond side and the church groups….nobody has money yet. Bond folks are still on hold in Zurich. They have not received their 1% payout as they expected…yet.

MZ: I do know of some church groups that were hit with an NDA. But I do know they do not have dollars yet. It could some of them were sharing their updates with others…so they are now under NDA’s to be quiet?

Member: If its going to be a shotgun start…I still think they get dollars when we are allowed to make appointments…..everything goes at once.

I found this one interesting: “ Rafidain Bank announces a third series of reconstruction bonds” for amounts of $500 thousand dinar and $1 million dinar. With annual interest rates of 6% and 2 % for 2 and 4 years. Pretty great interest rates. Paid every 6 months. Its only available to Iraqi citizens or I would already be investing.

MZ: “As China stocks crash, Beijing proposes multi trillion market rescue package” The implosion continues. China is becoming desperate for a reset. Many protests and riots over there.

Member: People are desperate for a reset everywhere.

MZ: From Peter Schiff: “The dark ages for US housing and manufacturing” This is normal just before a crash. Certain markets will do well and others will take it on the chin. That is exactly what we are seeing now. Similar to what we were seeing in 2007 and 2008.

MZ: A good one from MilitiaMan late last night: They are doing a fine job and everyone should go an listen and support them. He gives real world examples on what Iraq is doing so they can change their value. .

Member: Mark, what happens to the currency we turn in at redemption. Is it destroyed or turned back into its country.

Member: I heard at one time it gets turned into the US treasury…..then sent back to the country….

Member: I believe the Iraqi dinar has to come back where it went out at. $3.22. And the VND has to come back to $2.27. According to the IMF?

MZ: If you correct the VND back to its old value it would be about $2.21 to $2.30….depending how they just for inflation…but, yeah. This is why I believe certain values will make more sense. These follow historic norms for revaluations. .

Member: We can live with those rates…that would be amazing…..they just need to do it.

Member: Mark would you please explain Tier 1,2,3,4a,4b please?

Member: There are allegedly 5 Tiers of folks Exchanging. Tier 1-governments and royalty Tier 2-whales-elite with platforms of currency, corporations, etc. Tier 3-Admirals Group, American Indians, CMKX, large church groups (like the Mormons), etc. Tier 4-all the hundreds of thousands paying attention to intel - internet groups(all of us). Tier 5- those who never paid attn - the general public.

Member: I heard a rumor that everything in the first basket would go on a float before the real rate gets locked in

Member: I am getting a lot of emails from banks wanting to be my banking and financial services. That is encouraging.

Member: Thanks Mark and Mods for all you do

Member: So many are blessed by knowing it will happen.. Think about those that are struggling that do not know anything.. and are still watching Main Stream Media...

Member: We are one day closer to our breakthrough. Thank you, MarkZ, for keeping us informed of the current news and events . God bless you all.

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