There is an organized effort in Iraq to never revalue or increase the value of the currency abasing the US dollar or to provide profits for people in the west...Between the different factions within Iraq, revaluing their currency, even when they can afford it, may not be on their agenda...
Iraq is getting closer to a currency reset...Iraq's rail plans have investors worldwide watching carefully...The rail connection in Iraq from the Gulf to Europe will change Iraq's economy. This same method of increasing the GDP was recently used by Mexico when they built a connecting rail system...Mexico's exchange rate increased against the US dollar and now Americans are spending more money to live in Mexico...This is one of the major paths that can lead to a higher GDP and a higher value in the currency. The project is set to start in early 2025.
The International Monetary Fund has consistently recommended Iraq develop additional streams of income outside of the oil industry. Iraq holds a significant amount of the world's history within its borders...What is needed is security and safety for travelers. Once safety issues are address and the Euphrates and Tigris Rivers are flowing again there will be substantial annual revenue to help boost Iraq's GDP.
" Iraq's central bank revokes Iran's Bank Melli operating license" This article tells us the US is serious about not allowing Iran to have access to US dollars. It also tells us Iraq is serious about aligning with the US Treasury Department to maintain access to over one hundred billion US dollar of its money in the Federal Reserve.
Vietnam is making major financial news. Vietnam factory activity returns to growth status after the pandemic, tourist arrivals increased by 73.6% in January and retail sales are still growing for the 26th straight month. The inflation rate is at a five month low of 3.7%. Overall Vietnam has green lights on all growth patterns...Vietnam knows precisely what to do to bring the value of its currency back into the line of profit...
Finance Minister Taif Sami Mohammed received today, Monday, Winston Cole, Director of the Financial Management Project at the World Bank and members of the accompanying delegation. “During the meeting, the aspects of relations between Iraq and the World Bank were reviewed, especially in light of the existing cooperation program to complete the implementation of economic reforms adopted by the Iraqi government,” the ministry’s media office said in a statement reported to Mawazine News.
He added that Taif expressed “appreciation for the fruitful partnership between the two sides, stressing the Iraqi government’s keenness to continue it, and the positive climate it provides to all investors and global financial markets on the Iraqi economy, stressing at the same time the determination of the Iraqi government to continue to promote structural reforms related to financial and monetary policies and maximize the role of the private sector in development.”
Cole pointed out that “the World Bank looks forward to continuing distinguished relations of cooperation with Iraq and its support for economic reforms in it, praising the performance of the Iraqi economy and the flexibility and resilience it has shown in the face of negative repercussions caused by global economic fluctuations, stressing the bank’s continuation in strengthening joint work with the Iraqi government to improve the overall indicators of the economy, deepen the participation of the private sector and complete the ongoing development work.”
The CBI was given new DeLaRue machines to use by the United States Treasury.Why? Because the old DeLaRue machines cannot read the new security features on the new lower notes.
The Government of Iraq is soon to receive the funding for everything that is waiting for a new international exchange rate, for everything the world is waiting for, for what you're waiting for, for what the Iraqi citizens are desperately in need of.
"IRAQI BANK FRIEND UPDATE" BY WALKINGSTICK, 7 FEB
Walkingstick
[Iraqi Bank Friend Aki update]
Aki [and his boss Number One] went to the meeting on Thursday with everybody else that represents banks in Iraq. The one question we had for them, 'Gentlemen, we've been seeing some articles that are suggesting maybe we're looking at about two more months away...' [they answered] 'NO! Who told you that!'
All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done. International platforms that were needed in order to do electronic transfers is done...
[Iraqi Bank Friend Aki update]
This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens
...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms. They are done and going live at any moment.
All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done. International platforms that were needed in order to do electronic transfers is done...
[Iraqi Bank Friend Aki update]
This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens
...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms. They are done and going live at any moment.
Finance Minister Taif Sami said on Monday that the government is determined to structural reforms related to fiscal and monetary policies and maximizing the role of the private sector in development, during a meeting with the Director of the World Bank’s Financial Management Project Winston Cole and members of his accompanying delegation.
The ministry said in a statement, the network received 964 copies of which:
The six Finance Minister, Taif Sami Mohammed, received on Monday, Winston Cole, Director of the World Bank’s Financial Management Project and members of his accompanying delegation.
During the meeting, they reviewed aspects of relations between Iraq and the World Bank, especially in light of the existing cooperation program to complete the implementation of economic reforms adopted by the Iraqi government.
In this regard, the Minister of Finance expressed appreciation for the fruitful partnership between the two sides, stressing the keenness of the Iraqi government to continue it, and the positive climate it provides to all investors and global financial markets on the Iraqi economy, stressing at the same time the determination of the Iraqi government to continue to strengthen structural reforms related to financial and monetary policies and maximize the role of the private sector in development.
For his part, Kole stressed the aspiration of the World Bank to continue distinguished relations of cooperation with Iraq and its support for economic reforms, praising the performance of the Iraqi economy and the flexibility and steadfastness it has shown in the face of negative repercussions caused by global economic fluctuations, stressing the bank’s continuation in strengthening joint work with the Iraqi government to improve the overall indicators of the economy, deepen the participation of the private sector and complete the ongoing development work.
[via PDK] I know we are all tired of hearing of all this progress and we still cannot go to the bank. Imagine how frustrated the Iraqi citizens feel? But we are watching steady progress towards Iraq’s reinstatement and/or revaluation. I still think its going to be revaluation…but a reinstatement would be easier for them.
Iraq has got a lead position in a number of committees etc…in the WTO. And there are meetings scheduled throughout the year. They have to be full members to do these so to me it is very clear we are about to see Iraqs ascension into the WTO in the very near future...Nearly every economist out there is calling for a new rate before that occurs...
Comment: we're hearing we must have receipts on the currency. MarkZ: I was told since it has gone on for so long….they are not needing receipts to exchange unless you have an enormous amount of currency. If you have large, obscene amounts like $100 million in dinar or something like that…it would be best if you have receipts….
Shafaq News / The Iraqi government announced, on Monday, a request to host the Arab summit in 2025, while it envisaged a comprehensive rehabilitation of some presidential complexes, which include a number of major guest houses, which were previously occupied by some ministers and deputies, which made them need to carry out a maintenance process.
The spokesman for the Iraqi government, Bassem Al-Awadi, said in a statement to Shafaq News: “Given the restoration of Iraq’s deserved role regionally and globally, and in line with the government’s tendency to strengthen its position and convey the positive truth about him, which began to take root instead of that distorted, due to the difficult circumstances that our ancient country was able to overcome with vigor and the sacrifices of its children, Iraq submitted an application to host the 2025 Arab Summit in the capital, Baghdad, and the government seeks to complete the elements of this hosting in accordance with the guests of the leaders of Arab countries in accordance with diplomatic norms and in line with the status and reputation of the host country, so the government began to prepare and provide the necessary requirements for this.”
He added that “the isolation suffered by Iraq during the dictatorship, and our war against terrorism throughout the past era did not give the opportunity to rehabilitate the basic infrastructure of the state to allow hosting important and large regional and global events, which missed many opportunities in which Iraq could have played an active and influential role in the international arena.”
The government spokesman explained that “in the face of the above and in order to prepare for the Arab Summit in Baghdad in 2025 and other international events related to Iraq, which were previously held in neighboring or regional countries for the above reasons (to end this abnormal situation), the need has become urgent to prepare the necessary infrastructure, including the rehabilitation of the government hospitality headquarters that are significantly and clearly visible.”
He pointed out that “After the circulation of a document on social media platforms indicating the rehabilitation of a number of (the role), it was necessary to note that the government has decided to comprehensive rehabilitation of some presidential complexes, which include a number of major guest houses, which were previously occupied by some ministers and deputies, which made them need to conduct a comprehensive maintenance and rehabilitation process. The Ministry of Construction and Housing has prepared the required statements and according to its price and technical determinants, and presented them to the Council of Ministers for approval and obtained approval by the decision of the Council on 2024/2/7.”
“We hope to be precise in the transmission of information and to miss the opportunity on those who seek to falsify the facts and harm the reputation of our dear country,” he concluded in his statement.
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 evening everyone!
I’m loving ithe fact that SO many people are under NDA! That ALONE is HUGE! I’m loving the news over the last few days!
Member: I heard that this has to happen before Ramadan, or we wait at least another month.
Mod: RAMADAN IS MARCH 10 TO APRIL 9
Member: Ramadan, the ninth month of the Muslim calendar, is one of the most sacred times for Muslims.
Member: Nadar just posted a video saying they wont do anything with exchange rate in month of ramadon its against their religion.. so we have until like march 10 for this to happen or we wait till May
Member: I don't think Ramadon matters myself
MZ: Nader is right that they have a serious sepeeration between church and business. But I guarantee you they would love to have it before Ramadan. The people would love to have that prosperity going into the down time.
Member: Kuwait revalued on March 25 1991 and I believe it was during Ramadan.
MZ: “Arab states restrict US ability to attack Iran’s allies in Iraq and Syria- Politico” seems like they want the US out of the region. One of the key things we have been told to get the US to leave is a change in value of the dinar.
MZ: “Time’s Up-Threats won’t prevent US ouster from Iraq after years of occupation” All eyes in Iraq are glued to the negotiations between American officials and Sudani to end the long military occupation of Iraq. This is a long one but lots of background as to why the push now. They not only want the military out but economic freedom from the US and the US banking sector. .
Member: If Iraq joins BRICS…..things might be a lot better for them down the road.
Member: I read the Us is trying to send more troops to Iraq.
MZ: I believe Iraq will force the issue soon and the US will be faced with either leaving with some pride or declaring world war 3.
MZ: “Minister of Finance of the World Bank –The Government is determined to reform Iraqi Monetary policies” A lot coming out about all the policies of financial reform and restoring the rate of the dinar.
MZ: I know we are all tired of hearing of all this progress and we still cannot go to the bank. Imagine how frustrated the Iraqi citizens feel? But we are watching steady progress towards Iraq’s reinstatement and/or revaluation.
MZ: I still think its going to be revaluation….but a reinstatement would be easier for them
Member: I understand that watching Iraqi dinar is an easy indicator if how close the RV is, but aren’t the Chinese Elders the key to getting the release of the RV not the CBI in Iraq.?
Member: If Elders are in charge of the GCR…then CBI is in charge of the RV
Member: Awake-In-3D had a good ones in Recaps about the Chinese Elders…well worth a read for sure.
Member: Every second we are closer and closer. Thank you God for these blessings we are about to receive.
Zester joins the stream today. Please listen to the replay for his opinions and information
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You're going to see IMO a slight increase in the exchange rate, probably within the first quarter of this year...I still feel in my heart there might be some kind of change to the exchange rate the first quarter of this year. It's not going to be anything major but it is going to be an increase.
A lot of you are asking me...how does the deletion of the zeros affect the stocks over there in Iraq...I know we were told that the deletion of the zeros comes off the exchange rate, which is wrong. It actually comes off of their currency, their bank notes. It's called a redenomination...Since 2013 they've been talking about the deletion of the zeros off the currency. They put the zeros on when inflation is really high...Now that their inflation has been kept in check for quite a while they're talking about removing the zeros off the currency. No where in there does it say the exchange rate. It says the change does not affect the currency's value against other currencies. Instead it simplifies transactions and improves the economy's overall efficiency.
The ISX is the primary stock exchange in Iraq...the redenomination of the Iraqi dinar will not directly impact the ISX or the stocks traded on it. Stock prices are determined by market forces such as supply and demand...If there's any kind of effect on the Iraqi Stock Exchange it would be that people might panic a little bit...The prices are all done in US dollars. It's not in Iraqi dinars...so redenomination is not going to have any effect the value of the stocks on the stock exchange. If they change the exchange rate against other foreign currencies it will affect the stock prices...
When will it be liberated? Iraqi money held captive in US bank prisons
Information / Baghdad...In the spring of 2003, Iraq witnessed a US occupation and was placed under US trusteeship, and Iraq's money from the sale of oil, which constitutes more than 90 percent of Iraq's hard currency imports, was placed at the US Federal Reserve to protect it from compensation claims made by some countries affected by the policies of the former regime that ruled Iraq before 2003.
In order for the Iraqi Government to benefit from these funds, the Iraqi Ministry of Finance submits a request to the United States with an explanation of the disbursements of those funds, so that the United States Federal Bank may study and scrutinize the request and recommend the Disbursement of the amount of funds requested. The funds are then transferred to the Central Bank of Iraq, which in turn transfers them to the Government of Iraq, either in US dollars or Iraqi dinars as needed.
The United States has stated on previous occasions that the reasons for imposing sanctions are mainly money laundering and currency smuggling, without giving exact details of those charges.
Experts said that "Iraq imports nearly 90 percent of its needs of goods and services from outside Iraq, and the reason is due to the deterioration of industry, the diminishing role of the private industrial sector and the decline of agriculture to a large extent due to the lack of rain and the low water level in the Tigris and Euphrates rivers."
"This necessarily leads to a significant hemorrhage in Iraq's foreign exchange reserves. Moreover, due to the extensive relations and the close distance between Iraq and its eastern neighbor Iran, Iraq's trade with Iran accounts for the lion's share of Iraq's imports of goods and services, which provokes the anger of the United States, which imposes severe sanctions on Iran and prohibits the supply of US dollars to Iran."
This scene needs Iraq to be liberated from the American influence over its funds, in order to continue building the country.
Ali Hussein, a member of the Fatah Alliance, warned on Monday of US control over oil financial revenues in the Federal Bank, accusing Washington of exploiting this control to exert pressure on Iraq.
Hussein told Al-Maalouma that "America is exploiting this control by imposing its will in many files, including armament, as well as its pressure on the economic paper."
He called on the government to "break free from this pressure and have a say in reformulating the relationship with the Americans."
He pointed out that "the Iraqi and international financial system is captive to the US administration, which necessitates resorting to other ways to ensure the liberation of money from its authority, and understanding through other windows away from the pressure it exerts against Baghdad."
In the same context, the head of the coordinating body of the popular movement for the Belt and Road, Hussein Al-Karawi, stressed that Iraq has great economic assets that need proper management that leads it towards achieving success, investment and getting rid of the American will.
He told Al-Maalouma that "there is an urgent need for Iraq to go towards the countries of the East to develop economic and trade relations in various fields and get rid of the US hegemony imposed on Baghdad."
He called for "dealing in rubles or Chinese yuan, and not limiting the economy to the US dollar."
Last year, Iraq demanded that the United States free its money from its treasure.
A previous statement by the State Department said that Minister Fuad Hussein discussed with his US counterpart Antony Blinken a number of issues, including sanctions imposed by the US Treasury on Iraqi banks.
According to a statement by the Iraqi Ministry of Foreign Affairs, the US Treasury did not provide the reasons behind the imposition of such sanctions, and whether Washington's imposition of these sanctions came due to the lack of discipline of these banks in implementing the banking instructions and rules set by the Central Bank of Iraq or the US Federal Reserve, or for other reasons.
According to the statement, the Iraqi Foreign Minister officially called on the US Secretary of State to reconsider the US Treasury's decision on the subject, especially since the US Treasury Department is in constant contact with the Central Bank of Iraq and that these banks play an important and major role in financing the ration card expenses that benefit families of low-income people, as they provide them with a food basket consisting of basic foodstuffs such as flour, rice, sugar, tea, some legumes, washing powders, and others.
If you take one of the new [lower] Iraqi dinar notes and you hold it up to the light you'll be able to see the safety features. The American dollar has about a dozen markers, the [new lower] Iraqi dinar has over 20 markers. The state of the art technology of security for toilet paper value? No, that alone is an important aspect for you to understand...
When this blessing occurs, where do you go? Do you go to a bank? Do you go to an American Bank?
Should you go to Iraq and use an Iraqi bank? Can I use the kiosk at an airport?
Can I use a credit union? You want to use a large bank. You want to use a bank that would help you with your wealth and management.
Don't go to a mom and pop place...We have a bank of interest - [Chase Bank]. Many of you thought it was going to be Wells Fargo. It's highly possible Wells Fargo will still play a part...We should consider Chase. We should consider a big state bank...
The World Bank praises the steadfastness of the Iraqi economy in the face of global fluctuations
Today, Monday (February 19, 2024), Director of the Financial Management Project at the World Bank, Winston Cole, praised the steadfastness of the Iraqi economy in the face of global fluctuations.
The media office of the Minister of Finance stated in a statement received by “Baghdad Today”, that “Minister of Finance, Taif Sami Muhammad, received today, Monday, Winston Cole, Director of the Financial Management Project at the World Bank, and members of the delegation accompanying him,” indicating that “during the meeting, aspects of relations between Iraq and the World Bank, especially in light of the existing cooperation program to complete the implementation of the economic reforms adopted by the Iraqi government.”
For her part, in this regard, the Minister of Finance expressed appreciation for the fruitful partnership between the two sides, stressing “the Iraqi government’s keenness to continue it, and the positive climate it provides for all investors and global financial markets regarding the Iraqi economy,” stressing at the same time “the Iraqi government’s determination to continue promoting reforms.” The structure related to financial and monetary policies and maximizing the role of the private sector in development.
For his part, Cole stressed “the World Bank’s aspiration to continue the distinguished cooperation relations with Iraq and its support for its economic reforms,” praising “the performance of the Iraqi economy and the flexibility and steadfastness it has shown in the face of the negative repercussions resulting from global economic fluctuations.”
He pointed out, "The bank continues to strengthen joint work with the Iraqi government to improve the overall indicators of the economy, deepen the participation of the private sector and complete the ongoing development work." link
QUESTION: Mark, If they are telling you guys to be quiet- Will you still be able to let us know when the RV goes?
MZ: I was told to not give exacts or give details that could get a certain branch or banker in trouble…or talk about groups that could cause backlash for them. So I am not to share specific details…..I should still be able to let you know when it RV’s.
26 international companies express their desire to participate in the implementation of the Baghdad metro project, 19 FEB
Baghdad Today - Baghdad
Today, Monday (February 19, 2024), 26 international companies from six countries expressed their desire to participate in the implementation of the Baghdad metro project.
The media office of the Sudanese in a statement received by "Baghdad Today", that "Prime Minister Mohammed Shia Sudani, received on Monday morning, representatives of the Chinese company (China Railway), which implements the project to develop the Eagles Square in central Baghdad, within the first package of projects to break traffic jams in the capital, Baghdad."
He explained that "the Chinese company, during the meeting, which was attended by a number of advisors to the Prime Minister, gave an explanation of its capabilities and capabilities that enable it to participate in the implementation of the Baghdad metro project, which was recently announced, and the expertise available to it to contribute to the implementation of this important vital project."
He pointed out that "26 international companies from Germany, Italy, Spain, China, India and Qatar expressed their desire to participate in the implementation of the metro project, after announcing it on the eighth of February, and signing contracts with the company specialized in providing consulting services for the project."
Well the banker is very hopeful that no more snags develop this upcoming week and his staff can begin scheduling appointments and we can be completely finished with exchanging by months end. He will so advise ASAP as soon as he knows.
While Banker insists there is no guarantee that one or more countries can delay the revaluation at this point in time all seems positive to receive conformation to proceed with notifications from Reno in the morning or at least this week.
The Central Bank Of Iraq Reveals The Mechanism For Granting License Applications For Electronic Payment Companies
February 18, 2024 The Central Bank of Iraq revealed the mechanism for accepting and studying applications for granting licenses to electronic payment companies, confirming the continued receipt of licensing applications.
The Central Bank specified that the applicant, whether a natural or legal person, must have at least three years of experience in the field of electronic payment and the payments industry, and this includes the founders and participants, indicating that the application includes a detailed explanation of the added value to the electronic payment sector in Iraq that will be provided by the company to be licensed.
Especially in the field of modern collection techniques and enriching the Iraqi market with distinguished and applicable service.
The bank stressed the necessity of submitting a request for a detailed technical feasibility study of what the company to be licensed will provide, pointing out that the request includes the minimum standards for accepting applications for obtaining a license to operate as an electronic payment service provider, in addition to what is stated in the electronic money payment services system No. (3). For the year 2014.
The bank confirmed that it will reject all applications that do not meet the aforementioned licensing conditions.
While Banker insists there is no guarantee that one or more countries can delay the revaluation at this point in time all seems positive to receive conformation to proceed with notifications from Reno in the morning or at least this week.
I know there is a call tonight which I plan on listening to but in advance the banker texted me that he would nave info in the morning that he would call me with around 10:00 am tomorrow. He did not indicate it was the start times for u just some additional info.
While I have no control over this room or what is allowed or deleted the banker has advised he will have information he will share during my church service in the morning.
Well the banker is very hopeful that no more snags develop this upcoming week and his staff can begin scheduling appointments and we can be completely finished with exchanging by months end. He will so advise ASAP as soon as he knows.
Tier4b will receive notification around the first of next week and be able to set appointments startingThurs. 18 Jan.
Frank26:"NOT AT A PROGRAM RATE BECAUSE THE EVIDENCE IS SO PROFOUND!!!"...........F26
Sudanese Advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally
2/17/2024 Baghdad
On Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the six principles launched by Prime Minister Muhammad Shiaa Al-Sudani, to maximize value chains and sustain the development momentum in the country, while stressing that Iraq is on the cusp of a transitional stage in the development of promising economies globally.
Saleh said, in a statement reported by the official news agency and seen by Al-Iqtisad News, that “Iraq, with its large natural resources, is ranked ninth in the world after countries such as the Russian Federation, the United States of America, and the Kingdom of Saudi Arabia, and today it is on the cusp of a transitional stage in the development of economies.” “It is promising for development at the global level. Indeed, international studies estimate that the share of one square kilometer of natural resources relative to the area of our country is the highest in the world.”
He added: “Within the framework of the state’s philosophy of partnership with the private sector, there is a great investment momentum accompanied by high technological capabilities that suit the developments of the new digital era in the world, all of which seek, through international partnerships, to maximize investment, integration and cooperation opportunities in our country as an important part of the policy of Iraq’sintegration into "Global economy to achieve prosperity for the Iraqi people and diversify sources of investment and national income in ourcountry."
He continued: "In all cases, the national private sector today has priority to support and provide the necessary sovereign guarantees in keeping with the climate of guarantees obtained by international investments," pointing to "a new development era for Iraq that leads to the diversification of sources of income through investment in diverse wealth." natural and human resources, launching the manufacturing industry, and supporting agricultural efforts to maximize value chains with different technologies.”
He pointed out that "maximizing value chains in Iraq and sustaining development momentum stems from the six principles launched by the Prime Minister, in his recent meeting in the Netherlands with international businessmen and investors, which he summarized as follows:
The first principle: economic reform in all areas of the economy without relying on oil.
The second principle: Supporting farmers in expanding the use of modern technologies in the field of water and benefiting from international experiences, especially Dutch ones.
The third principle: The state seeks to provide sovereign guarantees to the private sector, amounting to 85% of the project value, to ensure the transfer of modern international industries, technologies and services to our country.
The fourth principle: Launching the operation of the Grand Al-Faw Port in the year 2025, as a foundation for development and economic progress that is integrated with the development path strategy, noting that the fifth berth of the port has been docked by one of the international ships.
The fifth principle: Reforming the financial and banking sector to put it on a competitive foundation commensurate with international compliance standards, as financial and banking reform is the introduction to the government’s reform program to link the effective finance sector to development programs and the speed of their implementation and progress.
The sixth and final principle: The desire of the global financial and banking market to open branches of its banks and activities in Iraq, which enhances the financing and investment environment and the integration of the Iraqi economy with the global economy.
He concluded by saying: "It is the message of the six principles launched by the Prime Minister to the global economic community to inaugurate another development era in Iraq, the goals of which are to diversify the national economy through partnership between the state and the private sector." LINK
The Role of GCR Elders and Their Humanitarian Cause – Including BRICS
On February 18, 2024 By Awake-In-3D
At the core of the Global Currency Reset initiative is a group unlike any other in the financial world: the Elders and strategic allies forming within BRICS.
This is the fourth segment of the GCR Origins article series. Previous segments can be found here: Part 1, Part 2, and Part 3.
The Elders, stewarding vast gold reserves intended for the betterment of humanity, represent a stark departure from the typical players in global finance.
Their approach is not driven by profit or power but by a commitment to humanitarian benefit and the spiritual legacies of their families and peoples.
Their plan to use gold reserves for backing currencies and supporting global economic and humanitarian initiatives is underpinned by a philosophy of stewardship rather than financial domination.
The Elders’ vision transcends mere economic reform. It is imbued with a spiritual dimension, reflecting a deep understanding of the interconnectedness of all life and the responsibility that comes with great wealth.
Their plan to use gold reserves for backing currencies and supporting global economic and humanitarian initiatives is underpinned by a philosophy of stewardship rather than financial domination. This philosophy acknowledges the historical accumulation of wealth through centuries of conflict and aims to rectify past injustices by redistributing this wealth for the public good.
The Elders’ approach challenges the prevailing economic orthodoxy, advocating for a system that values integrity, transparency, and the welfare of all beings.
This shift represents a significant turning point in human history, offering a path away from greed-driven economics towards a model that honors our collective heritage and responsibility to future generations.
However, the successful implementation of their vision requires vigilance. All of us must endeavor to ensure that the transition to an asset-backed financial system does not replace one form of domination with another.
The Elders’ commitment to using their wealth for humanitarian purposes must be carefully monitored to prevent the emergence of new hierarchies or forms of exploitation.
In embracing the Elders’ proposal, we are not just agreeing to a financial reset; we are endorsing a fundamentally different way of relating to wealth, power, and each other.
This path invites us to imagine a world where financial systems serve the highest good, reflecting the spiritual and ethical values that many of us aspire to live by.
Global Impact, BRICS and What Lies Ahead
The global impact of the Global Currency Reset (GCR) spearheaded by the Elders and their allies is monumental. It signals a shift from a world financial economy dominated by debt and speculative finance (the casino banking structure) to one grounded in real assets and equitable distribution of wealth.
The BRICS alliance represents a significant move towards this new financial paradigm.
This transition is not just about changing the way money is created and valued; it’s about redefining the principles that underpin our global economy.
The BRICS alliance represents a significant move towards this new financial paradigm.
By challenging the dominance of Western financial institutions and proposing alternatives like the New Development Bank, a new cross-border payment system (BRICS PAY), the Shanghai Gold Exchange, non-dollar oil and gas trade, and possibly creating their own common trade currency, the BRICS alliance underscores the growing dissatisfaction with the dominant Western financial system and the desire for economic independence.
Moreover, the existence of the Asian gold troves, long sought after and contested by various Western powers, adds a tangible dimension to the GCR.
These gold reserves, real and substantial, offer a stark contrast to the non-tangible nature of fiat currency, illustrating the possibility of a more stable and sustainable economic foundation.
However, the transition to a new financial system is fraught with uncertainties. The timing and specifics of such a monumental shift are inherently unpredictable.
The role of individuals and communities in this financial transition cannot be overstated. The ultimate success of the GCR will depend on the engagement and vigilance of the global citizenry.
Yet, the undeniable fact remains that the global fiat currency debt system will collapse with mathematical certainty.
The question to ask is, “what will replace the current system once it reaches its logical conclusion (crash)?”
Key developments, such as the introduction of US Treasury gold-backed dollar and the restructuring of banking practices remain in flux. The introduction of Our GCR remains dependent on a complex interplay of geopolitical, economic, and social factors ongoing to this day.
Despite these uncertainties, there is a palpable sense of momentum towards change.
The anecdotal evidence and investigative information that have come to light recently lend credibility to the notion that a global financial reorganization is underway.
This reorganization aims to restore balance and integrity to a system long plagued by exploitation and inequality.
The role of individuals and communities in this process cannot be overstated. The ultimate success of the GCR will depend on the engagement and vigilance of the global citizenry.
It is up to us to stay informed, to question the status quo, and to advocate for a financial system that serves the many rather than the few.
The challenges are significant, but so are the opportunities.
To be concluded in Part 4: Final Thoughts on the GCR Today
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