Foreign Minister: Iraq Will Expand Its Production Of Natural Gas
2024-03-02 Shafaq News/ Iraqi Foreign Minister Fuad Hussein confirmed on Saturday that his country’s government intends to expand its production of natural gas, and not rely on oil as the sole source of income.
Hussein said in his speech during the Antalya Diplomatic Forum held in Turkey, "We have a government that is working to revive and strengthen the agricultural sector, as well as expand natural gas production."
He added, "Iraq should not rely solely on oil in the coming years," adding, "We have very good trade relations with Turkey and Iran." LINK
Article: "Sudani: Investment environment in Iraq is promising and open" Remember they have to be able to draw in foreign investors. As long as the country appears to be stable, the economy looks to be stable, the exchange rate looks to be stable, the currency looks to be stable, it's all promising...this is all great news. This is one hell of a day for Iraq...
Today easily has got to be one of the best days of news for Iraq I've seen in a long time. They have been busting their asses to get their country in line to get back out and do business on the international market...One great article after another...
Here's the biggie everybody is celebrating. We're not there yet but very close. Article: "Iraq has completed requirements to join WTO: Minister" We have to wait till they get voted in. Yes they completed all the steps. Let's hope they keep their nose out of trouble and finally get accepted...Iraq is right there at the cusp, man, it really is. This is big news.
Masrour Barzani Discusses With A US Treasury Official Reforming The Financial And Banking System In Kurdistan
2024-03-01 Shafaq News/ The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, discussed on Friday, with the US Treasury Undersecretary for Terrorism and Financial Intelligence, Brian Nelson, reform of the financial system and the banking sector.
A presidential statement received by Shafaq News Agency stated, “Barzani met with the Undersecretary of the US Treasury for Terrorism and Financial Intelligence, Brian Nelson, and the two sides exchanged views on strengthening bilateral relations and ways to support the reforms implemented by the Kurdistan Regional Government within the framework of the ninth ministerial formation.”
The statement added, "The two sides discussed reforming the financial system and the banking sector, in addition to discussing the (My Account) project and the digital transformation of public services." LINK
Question: "Will they make a formal announcement in Iraq just prior to letting the RI go?"
No. There won't be any announcement. It's actually going to be snuck up on them. One day the Iraqi citizens will wake up and they'll get a text or ping or whatever and they'll be notified to get your butts into the banks and they will be given what will be given to them...
Article: "Multiple advantages and an important turning point... How did electronic payment methods affect the Iraqi economy?" Quote: "Al-Shabani...explained the possibility of absorbing approximately 92% of the cash mass saved in homes after the complete shift towards electronic currency dealing..." They recovered 92% of the 3-zero notes...
A lot of good news come out yesterday and I'm very happy...You know what?I'm excited. I'm very excited what's happening.
Article: "Data from the Central Bank of iraq show a decrease in the amount of printed currency by 1.2 trillion dinars between the months of November and December 2023 while indicating this decrease in the amount of currency is the 3rd largest decrease recorded in 20 years..."
Very good news, IQD decreasing. Wow.
The RV will not happen if no one declares the end of the war...we still on war. In December 2021 they took troops out... but they never declared the end of the war...and they never took out the international coalition.
For everything to happen they have to declare the end of the war. The international coalition have to be out of there. The soldiers of United States have to be out of there. Of course they're going to bases in Iraq but they're going to keep friendly bases in Iraq...not for war...I don't think Biden is going to do it.
The Bank for International Settlements has set forth recommendations for Central Banks on supervision and legislative practices of Global Stablecoins.
Below is a link to a chart that you can read about these regulation recommendations. These recommendations will flow into the Central Bank's guidance for banks.
Here, we have the beginning stages of a top to bottom mandate of guidelines that will formulate new rules, regulations, and laws to govern Stablecoins.
Masrour Barzani Discusses With A US Treasury Official Reforming The Financial And Banking System In Kurdistan
SATURDAY, 02-03-2024, PM 12:46 KARAR AL-ASSADI The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, discussed with the US Treasury Undersecretary for Terrorism and Financial Intelligence, Brian Nelson, reform of the financial system and the banking sector.
The regional presidency said in a statement received by Noon News Agency, “Barzani met with the US Treasury Undersecretary for Terrorism and Financial Intelligence, Brian Nelson, and the two sides exchanged views on strengthening bilateral relations and ways to support the reforms implemented by the Kurdistan Regional Government within the framework of the ninth ministerial formation.”
The statement added, "The two sides discussed reforming the financial system and the banking sector, in addition to discussing the (My Account) project and the digital transformation of public services."
They're holding this 2023, 24, 25 budget close to the chest. Why? Because they need to wait for that special moment in time...
Iraq has the attention of the world when it comes to ascension [into the WTO]. We have more than...the WTO, We have the World Bank...the ITC...Saudi Arabia....Armenia, the International Foundation for Corporations...What do they need with that? They need freedom of capital movement. That's article VIII compliance...What a time to be an investor in the Iraqi dinar...
Iraq is going to have a lot of inflows. They're going to need to make things stable...To be able to defend their currency they're going to need to keep pricing stable...All these guys, the World Trade Organization all know that.
Shafaq News / The Iraqi Central Bank (CBI) affirmed on Saturday that it has provided five alternative currencies to the dollar for traders to use in purchasing goods from abroad, using each country's currency through the bank.
CBI’s Deputy Governor Ammar Hamad told Shafaq News Agency that "CBI has made other foreign currencies available for Iraqi traders, including the euro, the Chinese yuan, the Turkish lira, the Emirati dirham, and the Indian rupee."
He added that "these currencies are now available to traders, aiming to facilitate foreign trade. When a trader imports goods from China, for instance, they can pay in Iraqi dinars to the Iraqi bank, which will then settle the amount with the Chinese company or factory in Chinese currency."
Iraq continues its efforts to gain membership in the World Trade Organization
The Ministry of Commerce confirmed the government's aspiration to join the World Trade Organization, especially after the Saudi representative in the organization, Saqr Al-Muqbel, was named to manage Iraq's accession file, noting that his recent visit to Baghdad contributed to addressing a number of important files.
The ministry’s official spokesman, Muhammad Hanoun, said, “Iraq has joined as an observer in the World Trade Organization since 2004, and until 2023 this accession faced many problems and challenges, the most recent of which is the failure to pay dues to join the observer organization. However, after the announcement of the government program by Prime Minister Muhammad Shia Sudanese began working again on the possibility of Iraq joining this organization, as two sessions took place and a dialogue was held with the organization by the Iraqi negotiating team headed by the Minister of Trade, Atheer Al-Ghurairi, which included all the relevant Iraqi ministries and bodies.
Hanoun added, “The World Trade Organization assigned the Saudi representative to the organization, Saqr Al-Muqbel, to manage the file of Iraq’s accession, and he came to Baghdad on an important visit and met with the Iraqi negotiating team, and many issues were addressed, the most important of which were the files of goods and services, as well as the legislation that the Iraqi economic reform team in the Prime Minister’s Office would carry out.” By addressing it within the frameworks and legislation within which the World Trade Organization operates.”
He continued, "Joining will achieve many things for Iraq, most notably that it will support the file of Iraqi goods and facilitate their entry into global markets, and secondly, the harmonization of Iraqi laws and regulations with international laws and regulations," pointing out that "Iraq has today become a major economic player on the world level and needs to harmonize Iraqi laws with international laws." .
He stressed, “Minister of Trade Atheer Al-Ghurairi attended the third session of the World Trade Organization, which was held in the Emirate of Dubai in the UAE, and met with the Assistant Director-General of the organization. We believe that the meeting will achieve progress in achieving the government’s aspirations regarding accession in an accelerated manner,” appreciating “the Saudi efforts in overcoming many special obstacles.” Iraq's accession to the World Trade Organization. link
Not that this is of material value immediately but the banker is indicating those above him are indicting he is within a short window to beginning his scheduling of currency exchange appointments. Will keep you advised as info proceeds.
They are on call to be at their station within 45 minutes and all have had extensive training
Folks while nobody in our level knows when but the assurances I am being given indicates we are closer than ever.
"RV UPDATE" BY TEXAS SNAKE VIA TELEGRAM CHAT, 24 FEB
TEXAS SNAKE
Like all of us we await some word and at this point my banker like us is awaiting some updates as we await but he does indicate we should be close based upon what has been shared thus far.
"RV UPDATE" BY TEXAS SNAKE, 22 FEB
“Word is trickling in that ATMs are being loaded with the new rainbow currency and then being placed out of service until all machines are loaded. …According to some sources, Bond Holder payments begin to be processing Wed. 21 Feb. …
I was on a call that was most positive and is affirming we stand at the threshold of scheduling/ exchanging currencies. They do not have rates or exactly when the announcement will be made but it could be as early as the next couple of days.”
Today I walked into see my Wells Fargo friend/wealth manager and asked him if he's seen the new United States treasury notes. He said "I've seen them but haven't touched them. They're in the vault wrapped up"
That was my personal banker.🔥🔥🔥🔥🔥
I asked him many other questions which he couldn't answer because I think he's under an NDA but he sure gave me a smile !
In Washington.. Barzani meets the “godfather” of Iraqi banking supervision
The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, met today, Friday (March 1, 2024), with the Under Secretary of the US Treasury for Terrorism and Financial Intelligence, Brian Nelson.
The media office of the Prime Minister of the Regional Government said in a statement, received by “Baghdad Today”, that “Barzani met with Nelson, and the two sides exchanged views on strengthening bilateral relations.”
He added, "The meeting discussed ways to support the reforms implemented by the Kurdistan Regional Government within the framework of the ninth ministerial formation, especially with regard to reforming the financial system and the banking sector, in addition to discussing the (My Account) project and the digital transformation of public services." ink
Global Currency Reset Judy Note: What we think we know as of Sat. 2 March 2024:
On Sat. 23 Feb. 2024 the World Trade Organization announced that Iraq had completed all requirements to be accepted as a member of the WTO including (Allegedly) setting their new Iraqi Dinar International exchange rate.
On Wed. 28 Feb. Central Bank of Iraq (Allegedly) announced that the new Dinar Rate was $3.47.
On Thurs. 29 Feb. at around 7 pm EST Iraqi PM Al Suddani (Allegedly) stated that the Dinar RV was done, the Dinar was asset-backed and Iraq had officially joined BRICS.
The Ten Days of Darkness/ Exposure appeared slated to occur around Sun. 3 March through Wed. 13 March 2024.”
Notification for Tier4b (us, the Internet Group) to set redemption/exchange appointments could be set by Mon. 4 March.
Tier4b will have 14-15 days to exchange at Redemption Centers. After that you would have to (Allegedly) exchange at a bank at the lower rates.
Restitution and Rebate monies will (Allegedly) begin to be paid out likely around 15th of March.
On Fri. 1 March 2024 Iraq will join other BRICS nations for the Global Currency Reset – exactly one year (March 2023) after the new Quantum Financial System went live on the Star Link Satellite Network.
A number of banking sources say that the new currency has been distributed and kept wrapped and sealed…to be distributed mid March. They do not know the exact date yet, but I have gotten reports from different areas around the US…not just one story or one area…but, from multiple sources who work in banking. I would put this one in the “truthful” category.
This piece of rumor is downright exciting. According to military sources there is a major push to end the Ukraine war before Mar, 15th elections are occurring in Russia. They would like to have peace accords worked out by then. I heard they have been quietly meeting.
Fri. 1 March Stacy on Telegram
“I was talking to my banker. She said “It’s here. It came in today but we’re not allowed to see or touch it.” She was referring to the new US Note. She didn’t know when it would be made public, but guessed around March 15.
Sources, including those in Iraq, say that the RV has officially started, (announced in Iraq Thurs. 29 Feb. at around 7pm EST). That is 1000 percent correct. Brazil has started with liquidity and those funds should be released tomorrow Sat. 2 March.
We are receiving good news from various platforms as well! We should cross the finish line today Fri. 1 March or tomorrow Sat. 1 March.
Most of your have waited for many years, and soon, I will release that opera.
I wanted to tell you that all this is real, so you can remain calm. When we get the Green Light, all the hate from those spewing hate will stop. That is all I have to say to you guys. We are nearly there! God Bless you All!
Wall Street is telling us that the demand for Bitcoin is greater than it’s supply. When demand is greater than supply, prices rise.
This will affect many other assets in the crypto currency space. As you can see, liquidity is coming into the new digital economy as it’s being formed.
Prices are beginning to change because of it. Movement of money and use case scenarios are expected to grow from here in the new digital economy. The first RV.
Remember, we spoke of two RVs. When the digital economy is solidified, payment systems on the local level will begin to signal new changes are needed. This is when we will see the paper currency begin to form new price patterns.
If Iraq is ever going to raise the value of the dinar they need to do it gradually over time so they can reduce the money supply. As well, a gradual increase reflects the economic growth of the economy.
I remind people again Iraq's entire net worth including all minerals in the ground including oil is only worth about $16 trillion dollars. With over 100 trillion dinar in circulation Iraq could never RV the dinar! Only with the success and growth of Iraq's economy and private-sector can the dinar go up in value. It could go up gradually over time as Iraq's GDP increases.
I still have significant concern over Iraq wanting to redenominate (LOP) their currency. There are numerous educational symposiums teaching the citizens about such an event. This is a very real possibility.
Article "US and Iraq agree to start talks to end presence of US-led coalition"
The dinar either rises gradually over time as Iraq's economy prospers reducing the money supply or Parliament will authorize the deletion of zeros reducing trillions to billions and a LOP. Not what we want to see.
there is no way Iraq can RV the Iraqi dinar with [120] trillion dinar in circulation. No country could afford. Iraq's total net worth is only around $16 trillon dollars.
There is no significant RV of the Iraqi dinar. And if the dinar does ever go up in value, it will be based on the success and growth of Iraq's own economy. There are no shortcuts.
Article: "Ali Al-Alaq, the current governor of the Central Bank of Iraq confirms that Iraq's money supply exceeds 100 trillion dinar."
If and when the Central Bank decides to increase the value of the Iraqi dinar more than likely it will be based on some type of gradual float as a result of the success and growth of Iraq's own economy and an increase in GDP.
I hope each and every one of you find success in this investment...It may take time. It may be another 1 to 5 years. I certainly hope not but I believe things could happen quickly over the next 36 to 48 months. It all depends on Iraq.
...We all know things don't happen fast in Iraq. Iraq has a lot of work to do in order to succeed. The first of which is pass over 100 stalled laws through Parliament to encourage investment in Iraq. And at the same time the Central Bank of Iraq has to continue reforms to the banking system, digitalization, and apply monetary tools to meet compliance .
A country's exchange rate is the result of the success and growth of their own economy. When you have a weak economy, you have a weak exchange rate. Until Iraq passes laws, diversifies their economy and increases their GDP, nothing will happen with the dinar. When Iraq passed their tripartite 3 year budget a few months back, it created the conditions for them to diversify and privatize their economy over the next three years. Now Iraq is on the clock to accomplish such.
There's a new article out that many people are translating and confusing. They are not talking about an RV in Iraq, they are talking about the spread being in compliance early next year.
Just a reminder the spread is the difference between the official rate and the market rate or street rate and has been way out of whack recently in Iraq. This article simply means they expect the spread to come down closer to the official rate early next year. There is no RV.
A very important statement was made back in 2020 by the prime minister's economic advisor Mohamed Salah who used to be Deputy Governor of the CBI under Shabibi. He stated that Iraq's entire wealth including all minerals in the ground amounts to only $16 trillion dollars. Knowing that information one can then determine that there is no way a significant RV could ever occur with over 90 trillion dinar in circulation. It doesn't make sense...
They...have to have the dinar stabilized within the country and within the 2% rule mandated by the IMF in order to then accept IMF article VIII and begin to float the dinar which would raise its value based on supply and demand. All of these processes and or steps required time.
“Shafaq News/ The International Monetary Fund (IMF) indicated a “significant decline” in inflation rates in Iraq, which was reflected in the decline in food and energy prices and the stability of the foreign exchange market in Iraq.
According to the Ministry of Finance, an Iraqi delegation headed by Finance Minister Taif Sami concluded its discussions with the IMF’s Article IV mission experts in Amman, Jordan, during which many issues were discussed, including the implementation of the economic reform program, the improvements achieved by the Iraqi government in the field of development infrastructure, financial sustainability, and boosting non-oil revenues.”
It looks like Iraq has been given permission to move forward with their economic reforms as we discussed in January this year was going to take place in February 2024 because of an announcement made during Article 4 consultation with the IMF.
This is why we are seeing the acceptance of Iraq in the WTO, and they can now join other countries in the WTO formulating new price mechanisms that will level the playing field in trade among other nations.
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
MZ: The first 45 minutes will be spent with the CBD gurus, news will start at 10:30 Eastern/the 45-minute mark.
Member: Welcome to the weekend!!!!!
Member: Hearing anything juicy this weekend Mark?
MZ: Let’s dive in with a couple rumors…..there is a tremendous amount of group chatter with great expectations of funds moving. Many rumors have started over the last 24 hours…..We don’t know how factual it is until we get there…and we have heard things like this before.
MZ: But a number of group contacts are expecting liquidity the first of the week….Monday or Tuesday. The chatter is strong amidst a number of group contacts. We all hope this is actually it this time. It may be due to the overwhelming amount of group responses I have been getting.
Member: What tier are "groups?
Member: I believe they are tier 3
MZ: Let’s just call them tier 4- probably the most accurate. Tier 4 is where individuals start getting money for their currency. Tiers are terms we came up with to know who goes and when.
Member: and we currency holders are tier 4B…….we must be close.
Member: This was the tiers Chart I had saved: There are 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.
MZ: I was hoping to have heard more from the bond side today……If I hear anything on this I will let you all know. .
Member: Rod Steele's latest report is as follows. The rest of the world wants to move forward with the RV and the gold backed currency. If the U.S. does not give the green light we will go without you.
Member: I heard him say that. I’m amazed that if the White Hats are in control or even the Military, what are they waiting for?
MZ: “Miss inflation moves in mysterious ways” Inflation moves in waves…..If they try to pivot because it’s an election year…I know what that means for the economy…….well we need a reset…and need it ASAP.
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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.
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FIREFLY: The television is saying the government is putting mobile teams together to monitor - No prices gouging during Ramadan. That tells us plainly there will be no rate change during Ramadan IMO.
FRANK: It can happen at any time...But... I don't see the reason for this to happen during Ramadan. It is a holy period. I see it happening before Ramadan.
FIREFLY:TV showing half a billion dinar recovered from a corrupt banking judiciary officer.
FRANK: It just don't stop! Good gosh almighty everybody steals out there.
FRANK: I sent you to your bank friend. Your friend is going to be receiving machinery IMO that will help him identify the new lower notes they are going to give you. They are also going to be sending in people who are experts in the process of exchanging currency. In your case, three zero notes for lower notes...It's very obvious the next step for the CBI is for these people and this equipment to be used to give you the new exchange rate and lower notes. It is approaching you with great confidence. Be strong. You're almost there.