Sudanese announces the start of setting 2024 budget schedules
3/28/2024
Prime Minister Muhammad Shiaa Al-Sudani announced today, Thursday, the start of setting 2024 budget schedules that include added financial entitlements to the governorates that will be allocated to infrastructure.
Al-Sudani stated, during the second session of the Supreme Commission for Coordination between governorates not organized into a region, in the presence of governors and new heads of provincial councils, that: “The Supreme Commission for Coordination between Governorates is a body formed according to the law that is responsible for addressing obstacles and developing mechanisms to manage common jurisdictions,” stressing, “starting to establish schedules.” The 2024 budget, including financial entitlements added to the governorates, will be allocated to infrastructure.
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Al-Sudani explained, “The government is keen on making the mission of local governments a success, despite the presence of trolls who do not like the vision of stability in the country,” stressing that “correct management of public money will provide positive and correct indicators, and requires working with a vision that takes into consideration the coming years and meeting entitlements.” . LINK
It is disingenuous to try to say that Iraq ONLY has a net worth of 16 trillion dollars. Those calculations do not account for many factors like tourism, a monumental gold deposit that is never spoken of, port revenues, tariffs...etc.
The Dinar Mythology surrounding this EO is amazing...It says exactly NOTHING about buying Dinar.
Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq...
Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. In effect, EO 13303 provides an extraordinarily broad legal shield for any and all contractors and mercenaries working in Iraq on behalf of US corporations in any oil related enterprise. The Executive Order also declares a national emergency to deal with the threat to a peaceful reconstruction of Iraq, which US Presidents have renewed every year since, most recently in May 2023.
Prime Minister: Starting to prepare the 2024 budget schedules
3/28/2024 Baghdad -
The Prime Minister stressed today, Thursday, that local governments must make their efforts to enhance citizen confidence, while announcing the start of setting 2024 budget schedules.
Al-Sudani said in a speech during the second session of the Supreme Commission for Coordination between the Governorates, followed by the Iraqi News Agency (INA): “This meeting is the first after the local elections were held,” pointing out that “the elections were one of the important milestones that represent an achievement of the political process.”
He added, "Local governments must work as one team and make their efforts to enhance citizen confidence." He stressed that "local governments are an integral part of the executive authority," noting that "the evaluation of officials must be subject to a professional and scientific program."
He concluded by stressing: “Our goal is to serve our people,” pointing at the same time to begin setting the 2024 budget schedules. LINK
AL-YASIRI: THE AMERICAN ADMINISTRATION IS WORKING HARD TO DESTROY THE IRAQI ECONOMY
The political and security analyst, Muhammad Al-Yasiri, today, Thursday, accused the American administration of continuing its hostile policy to destroy the Iraqi economy.
Al-Yasiri told Al-Maalouma, “The US Treasury Department continues to restrict the flow of dollars to the Central Bank of Iraq and reduce cash liquidity.” He pointed out that “the American administration is working hard to restrict the Iraqi government and discourage it from demanding the removal of its occupying forces from the country.”
He continued, “The American restrictions on Iraq regarding the dollar clearly confirm the lie of the so-called friendship of the United States of America with Iraq.”
The US Treasury Department recently imposed economic sanctions on eight Iraqi banks, preceded by sanctions on fourteen others, and prevented them from dealing in the dollar currency, as the reasons behind the imposition of such sanctions were not explained.
(In my last Newsletter I talked about the importance of getting these sanctions lifted, but only when the parallel market is stabilized and movement is downward.)
Finance Committee: Salaries are secured in the 2024 budget and there is no financial crisis in Iraq
Baghdad Today – Baghdad
The Parliamentary Finance Committee, this evening, Thursday (March 28, 2024), reassured employees and retirees regarding their salaries in the financial budget for the year 2024.
The head of the committee, Atwan Al-Atwani, told the official agency, followed by “Baghdad Today,” “We are awaiting the arrival of the 2024 budget schedules.”
He added, "The salaries of employees, retirees, and the protection network are secured in the 2024 budget."
Al-Atwani stressed, "There is no financial crisis in Iraq."
The head of the Parliamentary Finance Committee, Atwan Al-Atwani, announced yesterday, Wednesday, that “the total budget for 2024 amounted to about 228 trillion dinars.”
While the Minister of Planning, Muhammad Tamim, said during his hosting of the Finance Committee yesterday that the government committee responsible for reviewing and auditing these tables is working to reduce the deficit amounting to 80 trillion dinars because it is considered a large deficit. LINK
As we approach the MICA testing and implementation of regulating Global cryptocurrencies, Exchange Traded Notes or ETNs THAT TRACK INDEXES, BONDS AND OTHER ASSETS will soon become available on May 28th, 2024.
MICA's pilot program is expected to be done near the above date as well. This will enable us to move forward with Global Cryptocurrency Regulations.
While all of this is going on, Phase 2 of Project Aurora progresses forward along with MICA. This includes anti-money laundering (AML) mechanisms to support the new digital economy. It ensures a proof of concept application able to scale this and other pilot programs.
Project Aurora allows banks to validate investments in digital transformation, and it minimizes the risk of a costly mistake in a full-scale implementation of a project such as MICA. BISAsanaRegulationAsiaLucinity
Turkish and U.S. President Joe Biden is scheduled to host his Turkish counterpart Recep Tayyip Erdogan at the White House on May 9, Turkish and U.S. officials said Friday, Turkish and U.S. officials said Friday, in the Turkish leader to Washington since Donald Trump was president of the United States.
Relations, long strained by disagreements over several issues between the two NATO member countries, have improved since Ankara ratified Sweden’s request to join the alliance in January, after a 20-month delay that frustrated Washington.
However, tension remains over issues involving northern Syria, where U.S. forces are allied with Kurdish militants whom Ankara considers terrorists and are waging cross-border military operations.
At the same time, Washington is putting pressure on Ankara to do more to ensure that its sanctions on Russia, which overlooks the Black Sea coast, like Turkey and Ukraine, are not circumvented.
Washington sees the meeting as an opportunity for Erdogan to agree on a complete ban on the transit of goods, which could be used civilianly or militarily, from Turkey, which Washington says is being used in Moscow’s war effort in Ukraine, a U.S. official said.
Since Biden’s election in 2020, he and Erdogan have met several times on the sidelines of international summits and spoke by phone. Turkey pressed for a meeting at the White House in which Erdogan previously met with Trump in 2019, where he had good personal ties to him.
A Turkish official, who confirmed the planned visit in May, said the visit comes as an “opportunity” for bilateral relations.
“We hope that the visit will also be an opportunity to strengthen cooperation in various areas and strengthen the spirit of the coalition, including the fight against terrorism,” the official added, requesting anonymity.
Ankara has for years expressed deep alarm at U.S. support for the Syrian Kurdish People’s Protection Units (YPG), which it is a terrorist organization linked to Kurdish militants who have been waging decades of insurgency against the Turkish state. But Washington says the YPG is a key ally against the Islamic State in Syria.
Despite the dispute over the US military presence in Syria and US support for Israel in its war on Hamas, Washington and Ankara recently struck a long-awaited deal by agreeing Turkey to buy US F-16 fighter jets.
During the visit, the Biden administration will look to see if Ankara can commit to a ban on “dual-use” goods, such as chemicals and fine chips, to Russia, the U.S. official said.
Washington is already imposing sanctions on a number of individuals and businesses in Turkey, including the shipping sector, for violating sanctions. Turkey supports Ukraine but opposes Western sanctions on Russia, with which it also has good relations. Despite a good relationship with Moscow, Ankara says sanctions on Turkish soil will not be circumvented.
The second Turkish source, a security official, said the head of Turkey’s intelligence service, Ibrahim Kalin, will meet with members of the US House of Representatives, on Friday, to discuss Erdogan’s planned visit and other bilateral issues.
Welcome everybody to the big call tonight – it is Thursday, March 28th and you're listening to the big call. Thanks for tuning in again, everybody around the globe - wherever you're tuned in from and listening to us. We appreciate that. We appreciate everything that everyone is doing, to keep this call going and Sue wanted me to let you know that I'm a little under the weather have been for, I guess, three weeks or so. And it's due to side effects from a certain drug that I'm trying out and it isn't really working out - so hang in there with me tonight. I'm a little low energy, but I'll do my best. We're gonna try to shorten the call a little bit. And then I'll get you the information you need in the Intel segment. so that's all teed up, ready to go. So thanks everybody for bearing with us tonight.
Thank you, Bob. appreciate that so much. Let's get into the intel. This is short and sweet. We got a lot of information this afternoon to tell us where we are. And that's what we all want to know. First of all, all sanctions with a one of our US banks were dropped by Iraq. We dropped sanctions. On Iraq I think about three or four days ago, those were dropped. Everything's clear from that point of view.
Iraq has a new rate on their CBI rate, and it's very good and they should be bringing out the international rate on the Iraqi Dinar on Sunday - Easter Sunday so that's a good thing to look forward to.
Remember we told you super whales had received their emails last Friday – they did get access – some of them had access to their funds already – the total number of regular bondholders - will not be complete until noon Easter Sunday - and we are getting that from our contact at Santander Bank and so that’s good
Remember, we are to go right on the heels, of the tier three bondholders - so nothing's going to happen for us this weekend.
We know redemption center staff is starting to go in on Monday to take appointments for us. And on Tuesday, bigger staff is going in and we expect that to be our day to start exchanges. So we're looking to get notified Monday, set appointments. Monday and start on Tuesday with our exchanges
So they have pushed us all the way to April 1st and 2nd . That appears to be where we are - start of the new quarter past Easter. So resurrection day will be a day we can celebrate that and not get involved with anything else other than Resurrection Day this weekend. So that's what we're looking at right now is no change.- In what well we did think we were gonna get this before Easter.
We were told they were gonna do it. Get it done, but we have to wait the regular tier three bond holders to complete and we're told they're gonna complete by around noon on Easter Sunday. So we're just looking forward to getting notified Monday - and starting on Tuesday. That's it.
That appears to be where we are right now. And we'll have new rates out that Iraq is going to put out their international rate on their dinar on Sunday on Easter Sunday.
Oh here's another thing. The Rodriguez Trust the one that has a depth that it seems like it's unlimited depth that is being released Easter Sunday - along with the St. Germain trust. St Germain is going to fund GESARA that global effort - and the Rodriguez trust is going to fund North and South America.
Okay, that's what that's gonna do - and both of those are being released on Sunday. So there'll be plenty of money - Money coming out from that, that we will take advantage of - and we'll be able to receive as part of our exchanges - so I think that is what everybody wanted to know.
Rates are going to be great. Don't worry about that. Just for those of you who are dinar holders, Iraqi dinar, we're supposed to be given the contract rate on dinar which is tied to price of oil per barrel.
Now, they didn't say whether it's North Sea Brent crude, or whether it's West Texas Intermediate crude, but either one is going to be a winner. So if you want to track that to see what that rates going to be, go ahead I believe it is tied to North Sea Brent crude.
At least the last time we checked on it, that's what it was supposed to be tied to and that's what the the Iraqi dinar for the contract rate for only those who go to the redemption centers would be able to get and they're supposed to offer it to us. That's good. We don't have to ask for it - they should offer it. That's kinda neat .
Let's see better. Other than that. Things are moving along very well for us. Iraq - the stage is clear. We're all set to get that thing moving. Now - finally, it seems like everything is in place
We don't expect any more false flags. And I think we're all set to start. also R & R is supposed to kick in the first week of April.
Let's hope that comes in an increase in Social Security is supposed to start in April. So those are two really good things we are looking for - of course, as well as of course, the 800 numbers coming for us on April 1 - So let's see what that looks like.
Let's set appointments and let's start exchanges on the 1st so we can go in the redemption centers starting the 2nd .
The public has obviously been moved back at least to the probably 8th or 9th of April. People that don't use the toll free number and aren’t aware of the big call for some reason. I don't know how that can happen, but that's what it is. And so called public will start about the week after we start our exchanges. All right.
I want everybody to have a wonderful Easter weekend - resurrection day - Sunday, have a wonderful time celebrating. And this is a big time for us, and we look forward everything. going right afterwards. Literally the day after when we get our numbers - so stay tuned for that. I'm excited about this thing moving forward and going in that direction.
Anyway guys, my I'm really not quite there as you guys can tell the last few weeks. not quite all there.. All right, that's it for tonight, I'm gonna pray us out -
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Friday morning everybody.
Member: I pray that everyone has a powerful Resurrection Weekend! I believe that….This is truly Good Friday.
Member: The news has been so good! I’m excited to hear what Mark has to say today
MZ: It is Good Friday. Hope you all have a blessed one.
MZ: No stock market open today on Good Friday. It will reopen on Monday- The day after Easter.
Member: My nephew is a VP at a bank. My sister in law said he told her he can't come to Easter dinner because "they would be needing to stay in town". I sure hope this means what we've been hoping for.
Member: I am hearing that maybe …maybe by Monday we might see or hear something
Member: Bruce reported last night - Notifications Monday, Redemption Center visits Tuesday.
MZ: I hope he is right.
Member: We’ll have RV before the 15th of April. That’s the word on the street.
Member: The Elijah stream with Dr. Jan Halper this week said Iraq is just waiting on talks with Hamas to come to an agreement and then them REER (Real Effective Exchange Rate) ready to go
MZ” I am getting back and forth news from groups . Some say it’s happening now and some say May….They are really bouncing back and forth.
Member: Militia Man brought up a good point yesterday that when the Dinar was at $3.22 oil was at $35 per barrel, and today oil is at over $83 per barrel.
Member: Latest Rumtel: Announcement from Sudani on Saturday, Prices in stores and restaurants to change in Iraq on Sunday . This could be it?
MZ: If we see that- This is it.
Member: Mark are you expecting a big week next week? Wink wink
Meber: Any bond News?
MZ: Bond folks seem to be in a “holding pattern” . but, they still expect contracts and a payment of 1% of their funds on Monday. Hopefully we will actually see that come to fruition.
Member: I saw someone posted on Recaps that the dong may be $3.82?
MZ: I am not seeing that- but there is a potential possibility for that based on chatter from the last 16-18 hours from some. Truth is we will not know until we cross the finish line.
MZ: From Zimbabwe: “Zimbabwe aspires to join BRICS New Development Bank” Iraq is also trying to join the BRICS New Development Bank.
MZ: “BRICS-US dollar weakened 25% since 2020 amid global shift” and this decrease is speeding up quickly . This is all part of de-dollarization.
Member: I wonder at what point that BRICS will have its most impact on our dollar or the collapse of it??
MZ: I think its already there and still picking up steam. When does it hit critical mass and crashes the dollar? That is the question.
MZ: “Expect a financial crisis in Europe with France at the Epicenter” The world is so interconnected. If China crashes then Europe crashes. If Europe crashes then the US crashes….If the US crashes everyone crashes.
Member: I don't know about everyone else but I think the excitement is really building
Member: My son has an appointment with a wealth management on Tues.
Member: I have a appointment Monday with the wealth manager at Wells Fargo. I’m in Los Angeles.
Member: I had a phone meeting with a wealth manager from TCG Wealth Management from Wells Fargo for setting up an appointment next Tuesday in Reno. TSG Wealth Management has many offices in many locations in the states . The wealth manager was very knowlegable regarding the changes in currencies.
MZ: I love seeing those things.
Membere: I went to JP Morgan wealth Management at chance and was told not at Liberty to talk about it but I can set up a wealth management account
Member: Just a question. Why would all these "Wealth Management" offices be going up now, when the economy is going so bad? Just wondering.
MARK....ANY TRUTH TO THIS - RODRIGUEZ ESTATE TRUST IS FOR NORTH AND SOUTH AMERICA WHILE ST. GERMAINE IS FOR GESERA AND THE WORLD.....
Member: Hope everyone has a great weekend full of joy and LOVE
Member: Blessed & Joyous Easter to everyone wherever you are going to be - sending you LOVE and BIG HUGS and may God Bless you and yours Immeasurably!
MZ: Tomorrows podcast will probably just be hanging out and chatting…unless big news happens.
MilitiaMan and CBD Guru’s join the stream at the end today. Please watch replay for their information and opinions.
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THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
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 Friday evening to everyone.
Member: I think many things are done in Iraq. We just wait. They are probably waiting on the word to “go” and are just giving some palatable reasons for delays.
MZ: That is what we think is going on as well,
MZ: I believe we are just waiting on a REER (Real Effective Exchange rate) right now. The question is what are they waiting for on the timing? I hear from banking contacts, government contacts , A Ministry of Finance contact in Iraq….that they just need the announcement of the REER.
Member: So we wait for the REER- and then it will float up?
MZ: Not necessarily. If the rate is high enough …and we believe it will come in higher and not float. We believe the REER is coming in strong. .
Member: What do you feel, Mark--Is it possibly RV time after Easter weekend? We certainly need it
MZ: We do have some reports from some bankers and they were requested not to leave their area this weekend. That is a bit of a change.
MZ: Even my redemption center contact in Virginia is hearing they have to stay within a 2 hour traveling distance this weekend….even if its Easter weekend. I think that is interesting.
Member: Went to Chase in PHX metro area, wealth manager out, spoke to bank manager, did not know ISO20022 or Basel 3 but said regional mag showed her pics of new currency to come out middle of April.
Member: I would love to know what the RV delay is?
Member: I think we can thank the US government for this hold up . they don't want to leave Iraq.
Member: I am ready for the St. Germaine trust to open …hope this is our weekend.
MZ: Yes we are ready for that to open.
Member: The 'finish line' is an illusion. When the exchange happens we'll cross the starting line.
MZ: Have a good Easter Mark….We hope you have to interrupt your weekend by coming back with the RV announcement. lol
MZ: Tomorrow podcast will be socializing and hanging out with friends…….
Member: Happy Easter everyone...and Thank You Jesus !!!
Member: Heavenly Father, today we pray for the sick, physically and emotionally suffering from depression and anxiety, financially unstable, harassed or abused in anyway. Heal our wounds and broken hearts.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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
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I will be back a little bit later. I have to check in with a couple of my trading partners. When I return, I will have some banking updates for you.
~~~~~~~~~
MICA Announcement:
Markets in Crypto-Assets (MICA) has finalized their draft. Service providers are concerned about overreach and clarity on some key issues, but the ability to move forward and test the new digital asset-based trading system is possible at this point.
Article: "BIDEN TO HOST IRAQI PRIME MINISTER ON APRIL 15: WHITE HOUSE"
...could this visit to Washington talk about the currency reform and getting support for it? Certainly it may and probably will...President Biden is scheduled to meet with the Iraqi Prime Minister Sudani...and dedicate several days to Iraq and the situation in it, a clear signal of respect for the Prime Minister and Iraq’s political and international standing.
Talks I am sure will be mostly about the Status of Forces Agreement.
Article: "IRAQ IS NINTH IN THE WORLD IN NATURAL RESOURCE RESERVES.."
Quote: "Iraq was ranked among the top ten countries possessing the most valuable natural resource reserves, in terms of total estimated value for the past 3 years." OK, so if this is part of the Basel IV currency valuation algorithm then where is it reflected in the rate of the dinar? Why is it still 1/6 of a penny? Folks is just doesn’t make any sense. The IMF and the US Treasury are artificially suppressing the rate of the dinar. Remember VALUE and RATE are two different items and the value should be reflected honestly in the rate...
Aware of the importance of technology in enhancing the efficiency of operations and providing exceptional digital banking experiences to customers, Al Ahli Bank of Iraq announced its success in launching its new banking system based on the systems of Temenos International Company (Temenos – T24), which is the most important banking systems, in addition to launching its advanced application on mobile phones, (Mobile Banking). Al Ahli Bank of Iraq began implementing its operational operations based on its new banking system as of the beginning of this year, as this system will contribute to improving the efficiency of operations, which reduces the time and effort in completing transactions, enhances their accuracy. The system allows customers to conduct various banking transactions via the Internet or through the mobile application, such as transferring funds, paying bills, and requesting banking products. The system will also contribute to enhancing compliance with international standards and the requirements of the Central Bank of Iraq, which enhances transparency and security in banking operations. On the other hand, the new mobile application, which has an easy-to-use interface, is one of the most important components of the digital transformation journey of Al-Ahli Bank of Iraq, as it offers customers a wide range of banking services, such as: managing accounts in terms of reviewing their account balances, their transactions, transferring funds, paying bills, and knowing their loan deductions, as well as the possibility of linking the account to credit cards, while many services will soon be available, most notably; opening accounts through the application and the possibility of transferring through Western Union, in addition to many various digital services. This step will consolidate the position of the National Bank of Iraq as a major player in the Iraqi banking sector, thanks to its enabling the provision of digital and unprecedented banking services and solutions that meet the evolving and increasing needs of its individual and corporate customers, in various sectors and sizes, whether large companies or small and medium companies, giving them added value. The authorized director of the National Bank of Iraq, Ayman Abu Dheim, stressed that this project is in line with the vision of the Central Bank of Iraq in supporting the banking sector and making it modern and effective, pointing out that the bank’s investment in advanced technology not only guarantees compliance with the regulations of the Central Bank of Iraq, but also paves the way for the future of innovation and digital excellence.”
He pointed to the unprecedented demand for the mobile application, which was downloaded by 40,000 customers in the first two days of its launch. Abu Dhaim thanked the technical team that implemented the project in record time, and expressed his appreciation to Temenos International, the provider of the T24 basic banking system, and ITSS, a leader in the field of information technology, specializing in providing an integrated software package to meet the multiple needs of all types and sizes of companies. In turn, the Chief Operating Officer of the National Bank of Iraq, Aqeel Ezz El-Din, pointed to the positive impact of the new system on the bank’s performance, stressing that the bank is working to keep pace with development and technology and set new standards in the Iraqi banking market.
The National Bank of Iraq – which is based in the Iraqi capital Baghdad – was established in 1995 as a public shareholding company, and in 2005 Capital Bank / Jordan acquired majority shares in the bank by (61.85%), which enabled it to develop its products and services, strengthen its foothold globally, and enhance financial inclusion at the country level. Thanks to this acquisition, Capital Bank – which has an extensive network of correspondent banks – provided a gateway for the National Bank of Iraq to global economies, where it facilitated the sending and reception of internal and external remittances, granting credit facilities, and providing trade finance services. The bank can also trade for the benefit of its customers in the Jordanian market and in the global markets through Capital Investments Company, the investment arm of Capital Bank.
The National Bank of Iraq – which has a capital of 300 billion Iraqi dinars or the equivalent of 229 million US dollars), topped the list of banks and banks operating in the Iraqi market at various levels. It is the best private bank in Iraq in terms of growth (assets, facilities and deposits), and has won multiple international and local awards for its role in supporting and encouraging investment in Iraq, and as the fastest growing in the field of retail trade and salary localization for the public and private sectors, and it is the best commercial bank in Iraq, where it won the Iraqi Stock Exchange Award for its role in supporting and encouraging investment in Iraq 2021, and also received a rating from the largest international financial institutions Capital Intelligence (BB) and before Moody’s (B3) and classified by the Central Bank of Iraq (very good).
It should be noted that the bank’s total assets were close to $2.8 billion supported by the growth of customer deposits by about 91%, while the bank has a growing customer base today of about 200,000 customers served through more than 1000 employees, 30 branches and 200 ATMs in all major Iraqi cities, in addition to a branch in the Kingdom of Saudi Arabia.
[via PDK] Question: Do we have the green light yet Mark? MarkZ: I think we have the green light. I am looking forward to what the next few days bring.
Bank story: One of our members had a friend go to a bank in N. Carolina yesterday. They had a conversation with
a branch manager. They talked about an hour on life, currencies, expectations etc.
The Bank manager said they are absolutely prepared for this. He said he knew a lot of banks were avoiding it but they were preparing for it. He said “We don’t know the timing but it could be at any moment” So they were having a very long conversation with a banker that was clued in, plugged in and prepared...
The Iraqi Oil Tanker Company (National Carrier) announced today, Thursday, that the percentage of transport of oil products produced in Iraqi refineries has increased to 65% after the two tankers confirmed and Sumer entered work, and while confirmed the imminent announcement of the construction of two new tankers to transport products, it revealed a plan to enter into real partnerships with major companies to acquire giant tankers.
The company’s general manager, Ali Qais, told the official agency and followed by “Economy News”, that “the Iraqi Oil Tanker Company previously owned 29 tankers of different sizes, but as a result of the wars and conflicts that the country went through, this fleet was completely destroyed and Iraq sold oil on the minus and not continued, and that is why the Oil Tanker Company sought to regain its position after 2003.”
Qais added, “The company owns 4 tankers, which are tankers of oil products only (Digla, Euphrates, Shatt Al-Arab, and Baghdad) with a tonnage of 13,000 tons, and in 2019 it signed a contract to build two tankers according to international specifications, namely (Akd and Sumer) to transport oil products.”
He continued: “We are now in the process of negotiating with international companies to enter into major partnerships for the purpose of expropriating tankers, as well as the re-activity of transporting Iraqi crude oil, as the percentage of transport of oil products produced in refineries reached 65% after the entry of the two tankers (Akd and Sumer),” stressing: “We are now in the process of announcing the construction of two new tankers to transport products and we will try to reach 100% of the transfer of products.”
Regarding the percentage of quantities exporting crude oil, Qais explained that “the quantities exported of crude oil are sold through the oil marketing company, that is, the purchasing companies that transport oil because we sell it on the line and not continuous, but the Minister of Oil stressed that the activity of transporting Iraqi crude oil by Iraqi tankers must be returned.”
He pointed out that “the company’s future plan is to build two tankers of oil products and enter into real partnerships with major companies for the purpose of expropring giant tankers to transport Iraqi crude oil.”
Article Quote: "Advisor to the Prime Minister al-Sudani...the global economic community estimates as a stock capital at prevailing price today, Iraq's worth about $16 to $17 trillion U.S. dollar"
It's a lot...Instead of having people come in and mine it, take it away and produce and sell it, Iraq's going to mine it, produce it and sell it. They're going to get both sides of the equation...That raises the income stream for Iraq...
Article: "Fouad Hussein: America avoids talking about sanctions against Iraqi banks"
The banks that were sanctioned were likely ones that may have had connections to the crime of the century. Those arrest warrants for many in the previous government are fresh in the news. Regardless the US Treasury has more important things to talk about. They are talking reforming the banks and financial issues above and beyond energy!! Things are coming along very well. They are setting the stage in the USA and the UK, while informing us all along the way.. I so very like today's news.. It is amazing.
The Central Bank in Zimbabwe has accumulated nearly a ton of gold since introducing a law that forces mining companies to pay part of their royalties using gold.
Now, they are working on backing the nation’s currency with gold.
Zimbabwe has applied to join the BRICS New Development Bank.
The BRICS development bank has said they aim to start loans in local currencies to lessen dollar dependency and foster a multipolar global financial system.
Gold will play a massive role in the future, just like it has in the past. We are living in transformational times.
Zimbabwe and Africa as a whole has tremendous resources – both physical and human capital. Time for these nations to wake up and come together.
Africa Is a continent with large reserves of gold, diamonds, copper, iron ore, bauxite & platinum. South Africa is the world’s largest producer of platinum. DR Congo is the world’s largest producer of cobalt and a significant producer of copper. And at least 10 African countries feature among the world’s top 50 producers of gold. Besides minerals, Africa has vast reserves of oil and gas, arable land & favourable climate, making it a significant producer of agricultural commodities including cocoa and coffee. Africa is not underdeveloped, it is overexploited! With proper administration and the right leadership, this continent will regain its former luster in a couple of generations!
