PM Al-Sudani unveils oil projects in southern governorates
Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani embarked on a visit to the southern governorates of Maysan and Basrah on Saturday morning, aiming to inaugurate multiple oil projects.
A source told Shafaq News Agency that “Al-Sudani is set to inaugurate the gas project in the Halafaya field in Maysan, alongside several other significant projects, before proceeding to Basrah.”
The source detailed that in Basrah, Al-Sudani plans to unveil several initiatives, including the Azmara unit within the Shuaiba refinery and the Artawi field, in addition to various other gas-related endeavors.
This visit follows a previous engagement on March 24, 2024, where the Prime Minister visited Basrah and oversaw the inauguration and monitoring of several strategic and service-related projects within the province.
During that earlier visit, Al-Sudani inaugurated the rolling mill (Al-Darfala), a facility under the General Company for Iron and Steel with an annual production capacity of 500,000 tons catering to different iron types, marking its revival after a halt since 2003.
Furthermore, Al-Sudani also inaugurated the Urea fertilizer plant, boasting a daily production capacity of 1,000 tons, and the Dab fertilizer plant, with an annual capacity of 500,000 tons, both under the ownership of the Southern Fertilizer Industries Company.
Don't be dismayed if the rate is still the same in the budget when it comes out on Saturday...because Sudani is dealing with this [57 trillion] thievery...He could release an "operational" budget.
[Iraqi bank friend Aki - highest level banking meeting update]
Sudani is putting contracts in place to be implement inside of Iraq. Sudani has been doing this with thousands of contracts.
"In the coming days" is what they told us that these contracts will be fulfilled in IQDs for most of the budget's projects...Those contracts will be fulfilled for their value but paid in IQD's only.
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[Information from Iraq bank owner #1 friend]
Ever since Sudani came back from Washington DC the government of Iraq...has been in the process of making...videos, commercials, advertising. Sudani has been doing this on behalf of the executive level of all the private banks...These videos will soon be released and shown on Iraqi television and the big screens.
Sudani and the GOI are making these videos with the executive branch of each bank to teach the Iraqi citizens about the new national currency...and the process of the new exchange rate..
There will be a primary video, a spearhead video. The videos will be with the head of the private banks, the governor of the Central Bank of Iraq, the whole of the board members, the government of Iraq, Sudani himself, the Minister of Planning, the Minister of Finance, the Minister of Oil. It will encompass all of the GOI of Sudani because the GOI encompasses the entire executive branch...These videos will explain to the Iraqi citizens the process of the monetary reform and where it is at that moment...
Anyway aside from this whatever news we have something noteworthy coming up. The end of the Petrodollar on June 9th. Which means the chickens will come home to roost. Because all transactions will be dealt with through oil contracts in national currency.
This will empower Iraq to denominate all contracts or trade deals in their currency. Which will raise the value significantly. Remember once we are officially on the gild standard the National Dept will be on the fiat USD.
Not the new US Treasury Bills. But even without that we still have 45 states that made gold/silver legal tender exempt from any taxes. This is documented.
So whatever is going on with the National Debt will be for the old regime. That's not our money. We will phase those old Federal Reserve notes out for new currency eventually.
As June is rolling on…. We have waited for this month for a long time to come. This month I believe is going to be a critical month for us investors...I had a very interesting conversation...call to Iraq. I was told by the committee that all is geared up for the Project to Delete the Zeros...I was told that if they can retain the stability between the Parallel Market rate and the Official CBI rate of the dollar that we could see the next “official” rate change that we have been waiting for some time in JUNE...WOW! ...Nothing is certain on any dates because it is all dependent on the market and what it brings. They cannot predict this. But...my contact in the CBI did sound optimistic and that something BIG could or is about to happen and happen much sooner than later...
This month I believe is going to be a critical month for us investors...
Article: "CENTRAL BANK: THE ISSUANCE OF NEW MONETARY DENOMINATIONS WILL NOT AFFECT THE DINAR EXCHANGE RATE” I would consider this “WOW!” news.
Quote: "... the issuance of new cash denominations, large or small, will not affect the dinar exchange rate." If the CBI drops the zeros (project to delete the zeros) the rate of the dinar will remain the same in-country of Iraq. It only changes when the reinstatement back to FOREX occurs...the value is already in the dinar... only the rate, right now, does not reflect the true rate...
Why...on May 27th did the CBI make this announcement about the issuance of newer lower denominations? Could they be heading into June for the redenomination of the three zero notes?
Article quote: “The budget is not affected by the rise or decline in dollar exchange rates, because Iraq will receive the dollar from the export of oil, and on the contrary, revenues increase as dollar prices increase globally,”
The rate of the dollar to the dinar will NEVER be in the budget...NOT GOINGTO HAPPEN! ...The budget is dependent on the price of oil.
Adviser to Sudanese: Implementing the budget schedule instructions will not take long, and amendments may be made to them
Mazhar Muhammad Saleh, Prime Minister Muhammad Shiaa al-Sudani’s financial advisor, denied that instructions for putting the 2024 federal budget schedules into effect would be delayed.
“I don’t think that the instructions for implementing the federal general budget, according to the financial schedules related to the fiscal year 2024, which were recently approved by the House of Representatives will take a long time to be issued,” Saleh stated.
He made the observation that “the basic instructions for implementing the budget that were issued regarding the tripartite budget issued under Law No. 13 of 2023, which are currently in effect, are sufficient and effective; however, there may be modifications that necessitate modifications or additions to the current instructions in accordance with the country’s financial situation. at the Federal Ministries of Planning and Finance as a facilitator.
After making modifications to a number of expenditure schedules and financial allocations for the development of the governorates, the House of Representatives voted on June 3 to approve the schedules of the Federal General Budget Law 2024.
The total financial budget was 211.9 trillion dinars, or more than 153 billion dollars. This was an increase of 7% over the budget for the current year. Employee salaries were also significantly higher than last year’s, when they were about 59 trillion dinars.
The budget estimates that the Iraqi state’s general revenues are approximately 145 trillion dinars, resulting in a 66 trillion dinar deficit. The government claims that the difference in the deficit caused by high oil prices will be reduced.
Granting the government authority to transfer funds between ministries and various investment amounts for service and infrastructure projects throughout the country’s cities was one of the most prominent amendments to the current budget that was examined by Parliament’s Finance Committee.
The total salaries of employees increased from 59.2 trillion dinars to 63.4 trillion dinars, or 4.2 trillion dinars, and the costs of care networks and government subsidies increased from 24.5 trillion dinars to 26.9 trillion dinars, or 2.4 trillion dinars, making it clear that the country’s cost of public operating expenditures had increased.
The International Development Bank has signed a partnership contract with the Kurdistan Regional Government to implement the “Hesabi” project, which aims to localize the salaries of the regional government employees.
This important step coincided with the bank’s efforts to expand the region, as part of its strategic plan aimed at strengthening its business and increasing the number of its 3 branches in the region at the present time. This partnership is a great achievement within the framework of efforts aimed at spreading and promoting the culture of electronic payment and achieving financial inclusion, in implementation of the directives of the Central Bank of Iraq. The International Development Bank aims to continue its efforts in the field of deploying electronic payment methods in the region, by activating more ATMs and POS bank points of sale. The bank also plans to open its fourth branch in the region this year.
Aziz Ahmed – Deputy Director of the Office of the Prime Minister of the Kurdistan Regional Government praised the efforts of the International Development Bank and its contribution to the development of the region’s financial system, by providing various facilities and financial services that contribute to achieving this purpose. For his part, Ziad Khalaf, Chairman of the Board of Directors of the International Development Bank, stressed the importance of signing this partnership with the Kurdistan Regional Government to localize the salaries of the regional government employees and provide all facilities that contribute to achieving this goal smoothly and flexiblely.
How Historical Off-Ledger Gold is Funding a Gold-Backed RV/GCR
The repurposing of historical off-ledger gold and illicit global trading platforms to fund a gold-backed RV/GCR is a complex story rooted in clandestine operations and an incredibly vast hidden wealth.
While this information is the subject of much conspiracy and debate, I will lay out the origins of this hidden, off-ledger gold, its secretive Bankster abuse, and its preparation to reset and replace the global fiat currency financial system.
Operation Golden Lily and the Discovery of Hidden Treasures
In 1944, Japan launched Operation Golden Lily, a covert initiative to plunder treasures from twelve Asian countries.
The Japanese military, led by General Tomoyuki Yamashita, systematically looted museums, banks, gold reserves, private art collections, and even sacred graves. The aim was to amass vast amounts of wealth to fund Japan’s military, political, and economic ambitions for the next thousand years.
The stolen treasures were hidden in complex tunnel systems and deep underground vaults across the Philippines. These tunnels were strategically located near landmarks such as hospitals, schools, churches, mountains, and waterfalls to evade detection.
However, as Allied forces advanced, particularly the United States, they managed to uncover these secret vaults, seizing billions in gold, platinum, precious gems, and cultural artifacts.
The Role of the Black Eagle Trust in Post-War Fi
nances
Following the discovery of the hidden treasures, the United States established several secret funds to manage and utilize the seized assets.
The most notable of these was the Black Eagle Trust. Financed by the recovered Japanese plunder and Nazi war loot from Europe, this off-ledger trust became a cornerstone of a clandestine financial network and it was used for covert operations and influenced global political dynamics.
Two significant funds emerged from the Golden Lily treasure: the Yotsuya Fund and the M-Fund.
The Yotsuya Fund leveraged the vast wealth seized by the US military, while the M-Fund, named after Joseph Keenan, the chief prosecutor in the Tokyo war crimes trials, further utilized these resources.
The M-Fund played a crucial role in Japan’s post-war economy, supporting pro-US leaders and policies.
Gold Treaties and Global Gold Trading Platforms
The influence of the Golden Lily treasure extended beyond Japan.
After 1965, President Ferdinand Marcos of the Philippines emerged as a key figure in the saga. As a close ally of Washington, Marcos claimed a portion of the hidden gold, using CIA aircraft, US Air Force planes, and US Navy ships to move the gold discreetly across borders.
To manage the vast amounts of gold, intricate networks of offshore accounts and private gold treaties were established. Operatives like Severino Garcia Santa Romana, an OSS agent, played crucial roles in setting up these accounts.
Santa Romana’s network included 176 bank accounts spread across 42 countries, all operating under private Gold Treaty agreements. These accounts kept the assets hidden from public view and financial scrutiny.
The immense wealth associated with the Marcos Gold and the broader Golden Lily treasure catalyzed the development of global gold trading platforms.
These platforms allowed the global elite and military-industrial complex to wield unprecedented power.
One of the most notable initiatives was Project Hammer, a covert operation with macroeconomic objectives to leverage assets, including stolen World War II gold, to generate private profits and fund secretive projects.
Implications for a Global Currency Reset (GCR)
The history of off-ledger gold, hidden trading platforms, and secret funds have been repurposed for a Global Currency Reset (GCR).
As the current fiat currency system shows signs of strain and potential collapse, the idea of transitioning to a gold-backed financial system gains traction. The vast amounts of off-ledger gold, accumulated and managed through operations like Project Hammer, provide a potential foundation for this new financial order.
The GCR envisions a world where currencies are backed by tangible assets like gold, rather than fiat money. The hidden wealth in off-ledger accounts, estimated to be in the trillions and possibly quadrillions (in today’s dollars), offers the necessary collateral to support this RV/GCR shift.
By repurposing these assets, a more stable financial system could emerge, addressing many of the issues inherent in the current fiat-based model.
Challenges and Delays
Despite the potential benefits, the implementation of the GCR faces significant challenges and delays.
Fraudulent claims to many trusts, funds, and trading platform accounts associated with off-ledger gold complicate efforts to mobilize the funds for the GCR. Over the past 15 years, numerous individuals and entities have falsely claimed to be the rightful heirs to these assets.
Another major challenge is the sheer secrecy and complexity of the off-ledger financial system. The hidden nature of these assets makes it difficult to identify, verify, and repurpose them for the GCR.
Additionally, the vested interests of powerful financial institutions and global Banksters who benefit from the current system pose formidable barriers to change.
Humanitarian Role of Off-Ledger Gold in GCR
Off-ledger gold trading platforms offer a template for the GCR.
These platforms have demonstrated how gold and other valuable assets can be used as collateral to generate significant financial resources. By leveraging these assets in a transparent and accountable manner, the GCR will create a more stable and equitable financial system.
One critical element of the GCR is ensuring that the repurposed assets are used for the benefit of humanity.
The Iraqi National Bank: We Do Not Deal With Companies Suspended By The Central Bank
June 6, 2024 Last updated: June 6, 2024 Independent/- The National Bank of Iraq confirmed that it does not deal with companies that the Central Bank of Iraq has stopped from entering the window for buying and selling foreign currency, pointing out that
this comes in compliance with international standards for combating money laundering.
The bank said in a statement,
“This confirmation is based on the National Bank of Iraq’s firm commitment to good governance and full transparency in implementing the instructions of the Central Bank of Iraq, and the bank’s keenness to apply the highest international standards to combat money laundering and terrorist financing.”
Commenting on this decision, the bank’s authorized director, Ayman Abu Dhaim, stressed the importance of adhering to the principles of good governance as a basic pillar in all of the bank’s activities, saying:
“We believe that good governance enhances trust with our customers and partners, and contributes to enhancing financial and economic stability.
Transparency in implementing the instructions of the Central Bank of Iraq represents an integral part of our strategy to maintain the integrity of banking operations.” Abu Dhaim explained,
“The National Bank of Iraq adheres to the highest international standards in combating money laundering and terrorist financing, and follows strict procedures in auditing all financial transactions and verifying the sources of funds to ensure that they are not used in illegal activities.
It also works to regularly update its systems to comply with best practices.” International and the instructions of the Central Bank of Iraq.
Abu Dhaim pointed out “the importance of the due diligence procedures followed by the bank to ensure the safety of customer funds and companies’ assets,” and said:
“We are keen to implement due diligence procedures accurately, as we periodically examine transactions and ensure their compliance with national and international standards.”
These measures contribute to enhancing confidence in our financial system and ensuring the safety of our customers’ funds.” Abu Dhaim stressed,
“The National Bank of Iraq places the interest of the national economy and the safety of the banking sector at the top of its priorities, and that
💢The Iraqi budget is supposed to be recorded in the Gazette tomorrow, and the rate should appear by Sunday. The banks received instructions yesterday.
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💢 Special THANKS to beautiful Carpathia, Liberty Lounger Extraordinaire, for transcription of TNT latest update. Sharing for informational purposes for those who are interested. 6.3.24
💢 Carpathia: I listened to the TNT Tony call to try to get more context about the budget and timing. This is a short transcript of the call: ➡️📨 PER TONY: "It was supposed to happen Saturday night, but then it was to happen on Sunday due to a hiccup, and it is supposed to happen tonight. So the real deal is that it did not go on Sunday, because the finance committee did not do their part in Iraq, did not do their vote.
There was a small hiccup. But as I have sent out on Twitter, the Vote has gone through the finance committee and vote has gone through the House of Representatives. Those are the things we wanted to see. We are hoping to see a rate, we know there is a new rate, and we know it is going through. All banks are HIGH HIGH alert. They were told yesterday, but it took some time, as some bank contacts called me last evening and some in the morning, that they were all put on high alert starting last night through Thursday morning.
They said by Thursday morning, definitely,, you are going to have people walking in your door, a bunch of brand new customers (that was yesterday). Talking to them today, they do have pending rates and some of them are saying we are waiting right now to be notified of the release of the 800 numbers. Let's hope it happens.
The Federal Reserve said they were just called in within the last hour. Everyone is to report to their station. Right now as we speak. With all this excitement, everything is pending, and I will give praise where praise is due, Ray has been telling you guys about the Venezuelan Bolivar, rate predictions, right now, rate prediction for Bolivar on screen right now is 0.36 and is climbing. Ray predicts between 22 and 55. It is at 0.36 and climbing right now. It is on the bank screen at this time.
Today is a good day. We have nothing to do but wait for the announcement. They are passing out money in Iraq. Activating projects. We are at a good time. We just have to wait. Not sure if it is 72 minutes or 72 hours. The rate has not been announced there yet, but maybe they wait till Wednesday for the Gazette. But everyone I talk to says they are trying to go anytime now. But we are there. The rates are good. Everyone is excited. So I hope you guys are ready."
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 to all….hope your day was wonderful
Member: What is new and exciting today Mark?
MZ: I have been getting amazing news from a number of historic bond contacts as they appear to be prepping for a very early money release next week. There is a lot of stuff being signed and a lot of scrambling to fill more orders.
MZ: If I told the numbers of historic bonds you would be blown away. The sheer number of bonds and boxes of bonds they are collecting around the world is stunning
MZ: I am very confident in saying things are in full swing. Very much so.
MZ: I hear that you folks and your friends who are involved with bonds and groups are beginning to get notifications …and are getting updates over the last day or so.
MZ: I wish I could share some things without getting folks in trouble –that sucks …. because I would if I could so that you all could have the same warm,fuzzy feeling I have right now.
MZ: Instead you get to see me give the news and being content and confident that we are in the final days of this journey.
MZ: “The UN sees progress in Iraq’s anti corruption efforts and lists recommendations..” The UN seems pretty happy with all the efforts you have made Iraq …here’s you “atta boy”
MZ: This is actually important to see all the sanctions going away and Iraq being free and clear to change values on the world stage.
MZ: There really is a lot of news coming out of Iraq.
MZ: “The United Nations development program has issued a 49 page report on investment opportunities in line with Iraq’s sustainable goals” These are things to develop a very robust Iraq economy.
MZ: “Saudi Arabia has joined a China dominated central bank digital currency cross border trial” It’s all coming together. Their terminology may not be the best one to use….what they are referring to is a BIS system that uses CBDC,, digital currency and blockchain. It will use all of them. This system is what does away with SWIFT. It’s a fully functioning system outside the SWIFT system. And Saudi Arabia just joined.
Member: And Saudi Arabia’s 50 year contract expires on Sunday to only use the petrodollar for oil sales……I don’t think it’s a coincidence.
MZ: They will probably still take dollars…and use them on the world stage…but they do not have to take only dollars. This is a huge piece of news. The whole world is positioning to not need the US dollar.
Member: I think BRICS is going to save the world financially…..hope we all can be a part of it.
Member: I missed what the estimates of the currencies rates were….Could you give a refresher?.
MZ: Noone knows for sure….but, the rumors I have heard….the ones I have the most faith in are around $4 for the dinar…around $2.25 for the dong. …Around $1.40 something for Indonesian rupiah, We have seen rates for the dinar close to $5 recently and close to $3 for the dong on bank screens. And $1.36 for rupiah on some screens. And I continue to hear $30M to $50 M per each 100T Zim bond .
MZ: But, we are not going to know the exact rate until we are exchanging…..but we are hopeful those rates are close to accurate.
Member: What’s the story of the rumored $28.50 contract rate on the dinar?
MZ: WE have seen that rumor since the early days…..it sounds great but don’t know how accurate it is. Maybe it means what our purchasing power will be when we go back to the gold standard? That would actually make some sense.
Member: I would love to see a picture of those bank screens.
Member: I’m hoping your rumored rate on the bolivar is right. I beleive you said .27 cents per 1 bolivar yesterday?
Member: Thank you Mark...have a great evening!
Member: Thank you PDK for the transcriptions.
MZ: Yes PDK does a great job. We don’t say that enough
PDK: You are welcome….hope we are really close so I can retire like all of you!
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