Turkey reveals the direct path of development with Iraq on this date, 19 SEPT

 Mawazine News – Follow-up

Turkish Minister of Transport and Infrastructure, Abdulkadir Oraloglu, said that the plans for the development road project with Iraq are nearing completion, and that the implementation of the project is expected to start in 2025.
Turkey announces this in statements made on Wednesday to Anadolu Agency

The “Development Road” project is a land and railway road that extends from Iraq to Turkey and its ports, measuring 1,200 kilometers inside Iraq, and aims to transport goods between Europe and the Gulf countries, especially Qatar and the UAE.

Uraloglu explained that the first phase of the FAO port built by Iraq in Basra governorate as part of the Development Road project will be operated next year.
“Starting from there, the railway and the 1,200-kilometer-long highway will enter Turkey via a new border gate in the Ufakoy area, which is 15-20 kilometers west of the Khabur crossing (with Iraq),” he said.

“This is a line that will extend from there to the provinces of Şanlıurfa, Gaziantep, Karman, Eskişehir and Istanbul to the Kapi Kol Gate with Bulgaria,” he added.

Uraloglu pointed out that Qatar and the United Arab Emirates participated in the project thanks to the intensive efforts of President Recep Tayyip Erdogan in this regard.
He pointed out that the ministries and institutions concerned with the project are currently studying the possibilities of financing the project.
Regarding the Zangazor corridor linking Azerbaijan to the Nakhjavan Autonomous Region and Turkey, Uraloglu said: “We have cooperation with Azerbaijan on the corridor, and I can say that the implementation of the project on the Azerbaijani side has been largely completed.”
As part of the ceasefire agreement that effectively ended a 44-day war between Azerbaijan and Armenia in the Karabakh region, Armenia agreed to open a land transport corridor between Azerbaijan and the Nakhjan Autonomous Region.
To date, Armenia has refrained from implementing the agreement, citing various arguments.

https://www.mawazin.net/Details.aspx?jimare=255088

ANALYSIS OF IRAQ NEWS: ' WE WILL DEAL WITH ANY AMERICAN PRESIDENT" BY TISHWASH, 19 SEPT

 Tishwash 

  Article "Al-Sudani announces the imminent end of the international coalition mission in Iraq: We will deal with any American president"  

Quote:  "We have started a frank dialogue with the international coalition and formed a bilateral committee to arrange the withdrawal of coalition forces, and to announce the end of the coalition forces' mission in Iraq soon...

indicating that the end of the international coalition's mission does not mean the end of the relationship between Iraq and the United States, but rather the opposite, we are engaged in Talks to build sustainable security relations and economic, cultural, social and scientific ties ...

We respect the choices of the American people in choosing their president and we will deal with any administration, stressing that Iran supports the political process and Iraq's efforts in combating terrorism. Al-Sudani concluded that Iraq is the only country in the region that has distinguished relations with Iran and the United States."

IRAQI DINAR REVALUATION LATEST UPDATES OF IRAQ BOOTS ON THE GROUNDS REPORT BY FIREFLY

Al-Alak confirms that transfers are subject to scrutiny, 19 SEPT

 Mawazine News – Economy

The Governor of the Central Bank of Iraq, Ali Al-Alak, announced on Wednesday that all remittances would be subject to audits, while pointing out that the decline in oil prices has nothing to do with the rise in exchange.

According to the official agency, Al-Alak said that “the Central Bank provides the dollar at the official price for all commercial and personal channels, travelers and for all types of operations that represent legitimate activities, operations and requests.”

He pointed out that “any price outside the country is a price that is only indicated for the existence of abnormal operations that try to get out of the official and legal system and the correct fundamentalist channels,” stressing the need to “focus on the amount of sale made by the central bank at the official price and the demanders of the dollar, whether they are traders, importers, individuals or travelers. ”

He pointed out that “ways have been put in place for each channel that ensures the provision of dollar on the one hand and a very large amount of control to verify the integrity of previous operations before their implementation,” pointing out that “this is a major shift in external transfers, as they were previously being scrutinized at a later stage, and today all transfers are not carried out and are not carried out until after they undergo the audit process.”

He pointed out that “the decline in the price of oil has nothing to do with the rise in the exchange rate because Iraq has reserves for foreign currencies, which enables it to defend the exchange rate.”

https://www.mawazin.net/Details.aspx?jimare=255061

LATEST FROM MAKRZ, 19 SEPT

 MarkZ  

 [via PDK]   Question:  …about a month ago you talked about how your contacts said your Dinar estimate was “way too low.” You were at like $3.70…so are we talking about $5? $7? $10?

  MarkZ:   All they are telling me is my estimates are way too low.

MarkZ  

 [via PDK]   I ...heard they [rates on bank screens] are changing and fluctuating. I am hoping this means they are priming the system again. My banking contacts say they are seeing many different rates…rates are rolling all over the place…Hopefully they are checking the system and priming the system….

Member: Is Zim still supposed to be in the first basket?

MZ: That is what I believe and what I hear from my best contacts…

Member: According to Militiaman the HCL is finished.

Member: Who gives Iraq permission to go???

MZ: At this point I believe it’s a compilation of the IMF, World Bank and the UN …but it is very confusing. The president of Iraq says it's up to the CBI now….But , if it’s up to the CBI I am thinking they would already have released it. 

Member: Mark- Do you believe the new lower denoinations have already been printed in Iraq?

MZ: Yes I do…We have seen the contracts years ago and the paid receipts from the government of Iraq with DeLaRue to print them…... Many contacts in Iraq have seen the cut sheets (samples of LD’s) in banks.

https://dinarevaluation.blogspot.com/2024/09/q-with-markz-18-sept.html

STEPS IRAQ NEEDS FOR DINAR REINSTATEMENT

DINAR REVALUATION REPORT: Steps Iraq Needs for Dinar Reinstatement, 18 SEPT

 Steps Iraq Needs for Dinar Reinstatement

Iraq's aspirations to reinstate the Iraqi Dinar to its former rate of $3.22 against the US dollar requires a series of strategic monetary and economic reforms. 1

Monetary Reforms

Enhancing Monetary Policy

Iraq must implement robust monetary policies to stabilize its economy and control inflation. 2 This includes adjusting interest rates and conducting open market operations to influence the money supply and stabilize the Dinar's value.

Currency Reforms

Iraq should consider currency reforms, such as redenomination or deleting zeros from the currency, to simplify transactions and reduce the volume of cash in circulation. 5

Economic Diversification

Decreasing Oil Dependency

Iraq needs to reduce its heavy reliance on oil revenues by diversifying its economy. 4This involves developing other sectors like agriculture, manufacturing, and services to create a more balanced economic structure.

Improving Trade Balance

Enhancing exports and reducing unnecessary imports can support a stronger Dinar by improving the country's trade balance. 4

Internal Stability

Inflation Monitoring

Maintaining internal stability involves monitoring and managing inflation rates to ensure that the Dinar's purchasing power is not eroded. 4

Political Stability

Political stability is crucial for economic confidence and foreign investment. 6 A stable government can implement and enforce necessary reforms.

International Relations

IMF and World Bank Support

Cooperation with international financial institutions like the IMF and World Bank can provide technical assistance and financial support for economic reforms. 1

Foreign Investment

Iraq should attract foreign investment by improving its business environment, offering incentives, and ensuring the rule of law. 3

Strengthening Trade Ties

Developing stronger trade relationships with other countries can enhance Iraq's economic stability and Dinar's value. 4

Conclusion

Reinstating the Iraqi Dinar to its historical rate of $3.22 is a complex endeavor that necessitates comprehensive reforms in monetary policy, economic diversification, internal stability, and international relations. Iraq must balance these factors to create a conducive environment for the Dinar's value to strengthen.

PIMPY: "What does Iraq need to do right now to reinstate their old rate of $3.22?, 18 SEPT

  Pimpy  

 Question: "What does Iraq need to do right now to reinstate their old rate of $3.22?" 

 Professor Boskin [of economics] graciously shared the following information which I am pleased to relay to you...It should be able to give you an idea of how far away this thing might be...

The first thing he's talking about is implementing monetary reforms. 

 PIMPY:   We've been hearing about that for years so we know they definitely are implementing monetary reforms.

 PROFESSOR: ...The Central Bank of Iraq may consider removing zeros..

. PIMPY:    Obviously if they're going to remove the zeros off the currency, they're going to re-denominate and print new bank notes.

  PROFESSOR:  Establish a currency basket system...the value of the dinar would be determined against a weighted average of several currencies...

  Reduce their dependency on the dollar. 

 PIMPY:  At the beginning of this year they were not supposed to use the US dollar anymore. 

 PROFESSOR:  ...Focus on diversifying its economy beyond oil dependency...

 PIMPY: Right now...only 89% of [the budget] is dependent on oil sales.  A lot better than where it was. 

 PROFESSOR: Improve trade balance...Enhancing exports...Reducing unnecessary imports ...thereby supporting a stronger dinar. 

 PIMPY:  They have things to trade but not a whole lot of options. 

 PROFESSOR:  Maintain internal stability...Monitor inflation rates...

 PIMPY:   Right now Iraq is somewhere around 5%...He's saying if they want to reinstate the $3.22 rate these things have to be taken care of.  I do find it interesting we've been listening to them talk about deleting the zeros and he's put that in here...A lot of this stuff Iraq has already started...Kudos to Al-Sudani. 

DINARES GURUS/ DINAR REVALUATION RV HIGHLIGHTS!! @DINARREVALUATION

Is the decline in oil prices related to the rise in exchange rates? An "important" clarification from Al-Alaq, 18 SEPT

9/18/2024  Baghdad

The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced today, Wednesday, that all transfers are subject to auditing processes, while he indicated that the decline in oil prices has nothing to do with the rise in the exchange rate.

Al-Alaq told the official agency, which was followed by "Al-Eqtisad News", that "the Central Bank provides the dollar at the official price to all commercial and personal channels, travelers, and all types of operations that represent legitimate activities, operations, and requests." 

He pointed out that "any price outside the country is a price that only indicates the existence of abnormal operations that attempt to deviate from the official and legal system and the correct fundamental channels," stressing the need to "focus on the amount of sales carried out by the Central Bank at the official price and those seeking the dollar, whether they are traders, importers, individuals or travelers."

He pointed out that "methods have been put in place for each channel to secure the provision of dollars on the one hand, and a very large degree of oversight to verify the integrity of the pre-operations before they are implemented," noting that "this is a major shift in foreign transfer operations, as they were previously audited at a later stage, and today all transfer operations are not carried out or implemented except after they are subject to the auditing process."

He explained that "the decline in the price of oil has nothing to do with the rise in the exchange rate because Iraq has foreign currency reserves that enable it to defend the exchange rate."  LINK

Coffee with MarkZ. 09/18/2024

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 morning and welcome to mid week already…..Is this our big day??????

Member: We should have known all along... IRAQ, "Its Really Always Quiet" It’s in their name

Member: Anybody hearing any good news? Bruce thinks we’re going to get numbers this afternoon

Member: Jeff Rahm says the rv has started and Reno is going.

Member: I hear it could be between now and Sunday for an RV

MZ: That’s pretty much what I have been hearing. 

MZ: My bond people have been eerily quiet with only one of them checking in…..and their appointment has been punting from today to Saturday…..but it’s because they did not meet compliance and had a document that needed correction…I am waiting for updates from others to see if anything is moving today or this week…...

Member: Those poor bond people…..must be even more frustrated than we are!

Member: Perhaps; the Bonds are being paid on the QT with a caveat that peeps keep their yap-shut? Thus; the paid-out funds are finally released at one time at the end ?

Member: I hear some bond people have been paid but funds not released yet?

MZ: That is my understanding as well.

Member: I’ve heard all bonds paid to all tiers! Just waiting for notification ‘s ! Green light is on ! Let’s getter done

Member: I have friend who is Native American. He received notification from the heritage fund.

Member: MARKZ, A RATE question, VND ,IYO, will IT be higher than $.47?

MZ: Most rumors put the rate somewhere around $2.25 to $3 or so…..But we don’t know that answer for certain. 

Member: We have always been told this event would happen in the dead of night when no one would expect it. It that iraq’s overnight or ours????

MZ: I was told that the most likely time for this to happen was between 11 pm to 2 pm est…Because that time would be easiest for the entire world to do a reset…..It does not have to be during that time but, it is the most likely time. 

MZ: “Nassim Taleb : People aren’t seeing the real de-dollarization ” I thought this was a fantastic read from Mike Maharry….he writes over at MoneyMetals. He goes through the history of de-dolarization and what we have watched occur. The world has de-dollarized over 14% wihin 2 years. He shows us the slowly, slowly, Suddenly …and the suddenly part is happening real soon. 

Member: Recaps posted it yesterday….good article

Member: Dow down 120. Could today be the day it crashes?

Member: Greg Mannarino thinks the crash will happen this week. 

Member: Sleepers will wake up quickly when the ATMs are empty

Member: Sudani meant to attend UN General meeting next week – I wonder if he will go with the 1310 rate????

Member: Goldilocks has said that October 1st is a Basel 3 deadline first step for large US banks to have a small percentage of physical gold,

Member: The Harvest Blood moon was yesterday, the harvest is here, new beginnings.... we manifest this worldwide wealth transfer now

Member: The end of USA Physical Year in 12 days .. Rosh Hashanah, New Year 5785 in 14 days ...

Member: Happy Days are coming friends

Member: Thank you all for everything you do to make this a better world!!!!

Member: Hope you are all having an amazing Wednesday

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

TNT UPDATE, 18 SEPT

 TNT UPDATE 

GOOD MORNING TNT. TODAY IS WEDNESDAY SEPTEMBER THE 18TH 2024

I WAS THINKING WE WOULD DO THIS A LITTLE BIT DIFFERENT; BUT I DIDN'T TELL RAY

HERE IS THE GOOD NEWS.............THE TECHNICAL SITUATION HAS BEEN RESOLVED.Sep 18

 BANKS GOT MEMOS YESTERDAY- THEY WERE SUPPOSED TO GET READY AND BE THERE -THIS MORNING, THE MESSAGE WAS GET READY BECAUSE IT WAS SCHEDULED FOR THIS MORNING 

 BETWEEN NOW AND FRIDAY - WE ARE NOW WAITING FOR THIS BIG ANNOUNCEMENT ON THE FED RATE AND WHAT IT WILL DO FOR THE ECONOMY

IT COULD GO WHILE WE ARE ON THIS CALL OR RIGHT AFTER - BUT THE RV ANNOUNCEMENT SHOULD BE TOMORROW MORNING; NOT FRIDAY

THERE IS A SCHEDULED TIME BUT NO ONE WANTED TO PUT IT OUT THERE

THE MARKETS SHOULD CHANGE IMMEDIATELY AFTER THE RATE CHANGE WHICH IT NORMALLY DOES Sep 18

MARKET WILL CHANGE WITH THE FED ANNOUNCEMENT. THEY WANT THINGS TO SETTLE DOWN AND THEN LET THE RV GO

 WE WILL SEE AND WE ARE LIVE. THINGS GOING MINUTE BY MINUTE - I'VE GIVEN YOU ALL THE INFORMATION. THE RATES ARE OUT, THE BANKS ARE READY. HOPEFULLY, YOU ARE ALL READY

THE TEXTS AND THE EMAILS WILL GO OUT; YOU SHOULD BE PREPARED 

I WAS TOLD WE WILL BE THE FIRST ONES TO GET THE INFORMATION FROM THE BANKING SIDE SOMEONE ELSE WILL ALSO GET IT - ANOTHER GURU. 

SO THIS SHOULD BE OUR FINAL CALL

🚀 TreasuryDirect & Quantum Financial System: Revolutionizing Currency Ex...

Benefits of the New Regulations : TreasuryDirect Accounts and Banking System Enhancements in 2024, 18 SEPT

 Benefits of the New Regulations

TreasuryDirect Accounts and Banking System Enhancements in 2024

TreasuryDirect accounts have undergone improvements to facilitate larger currency exchanges, reflecting new regulations aimed at streamlining the banking system. These changes are part of a broader effort to modernize financial processes and enhance efficiency in the banking sector.

The updated regulations for TreasuryDirect accounts are expected to have several positive impacts on the banking system: 

Enhanced Liquidity: Larger currency exchanges will improve liquidity in the financial markets.

 Increased Efficiency: Streamlined processes will result in faster transactions and reduced administrative burdens. 

Better Risk Management: Improved regulations can lead to more effective risk management strategies for financial institutions. 

Strengthened Trust: Enhanced transparency and security measures will bolster public trust in the banking system.

Conclusion

The modifications to TreasuryDirect accounts and the banking system regulations implemented in 2024 are designed to foster an environment that is more conducive to efficient and secure financial transactions. By enhancing liquidity, increasing efficiency, improving risk management, and strengthening trust, these changes are poised to benefit both financial institutions and the general public.

DINARLAND UPDATE: ABOUT THE TREASURY DIRECT ACCOUNTS AND HOW WILL FACILITATE LARGER CURRENCY EXCHANGES, 18 SEPT

 Summary

TreasuryDirect accounts will facilitate larger currency exchanges, with new regulations supporting a more efficient banking system.

Highlights

• 🚨 TreasuryDirect accounts enable direct access to exchanged funds.
• 🔄 New regulations prepare for larger currency exchanges.
• 💻 A digital clearing service for currency transactions is launching.
• 📈 Central clearing rules for Treasury markets are expanding.
• 🌐 Foreign currency trading operates under U.S. Treasury Securities.
• 🏦 Exchange Stabilization Fund supports global currency transactions.
• 💡 The Quantum Financial System will revolutionize currency exchanges.

Key Insights

• 🔑 TreasuryDirect accounts serve as a direct link for individuals to access their exchanged wealth, enhancing financial security.
• 📊 The new regulatory framework is designed to streamline processes, ensuring readiness for significant currency inflows.
• ⚙️ The launch of a digital clearing service indicates a shift towards more efficient and tech-driven currency transactions.
• 📜 Expanding central clearing requirements highlight the U.S. Treasury’s commitment to transparency and stability in currency markets.
• 🌍 The Exchange Stabilization Fund provides a safety net, ensuring that currency exchanges are supported by a robust financial infrastructure.
• 🛠️ The integration of a Quantum Financial System signifies a major advancement in how currencies are traded, with potential global implications.
• 🚀 The collaboration between digital assets and traditional currency systems is paving the way for a seamless transition into a new financial era.

How Oil Prices Impact Iraq's Economy and Exchange Rates

DINAR REVALUATION REPORT: The Nexus Between Oil Prices and Exchange Rates, 18 SEPT

 The Nexus Between Oil Prices and Exchange Rates

The relationship between oil prices and exchange rates is multifaceted and influenced by various economic factors. 1  3 In the context of Iraq, a country heavily dependent on oil revenues, the decline in oil prices has significant implications for its economy and, by extension, its exchange rate.

Impact of Oil Prices on Iraq's Economy

Iraq, with its economy deeply intertwined with oil production, experiences direct effects from fluctuations in oil prices. 4 A decline in oil prices translates to reduced export revenues, impacting the country's fiscal position and external balances. Lower oil prices mean less income for the government, leading to budget deficits and potential debt distress. 2

Exchange Rates and Fiscal Policy

As oil revenues dwindle, the government's fiscal policy becomes crucial in managing the economy. Fiscal expansions, intended to stimulate growth, can lead to increased government debt. 1 This, in turn, can affect the country's creditworthiness, potentially leading to higher borrowing costs and a weakening of the currency.

The Role of Monetary Policy

Monetary policy also plays a significant role in the exchange rate dynamics. Central banks can intervene in the foreign exchange market to stabilize the currency. In Iraq, monetary policy decisions, such as interest rate adjustments, can influence the demand for the Iraqi dinar by affecting the returns on investments denominated in the local currency. 3

Exchange Rate Movements

Exchange rate movements are not solely determined by oil prices but are influenced by a combination of factors including investor sentiment, economic fundamentals, and global financial conditions. When oil prices fall, if investors perceive increased risk in the Iraqi economy, this can lead to capital outflows, putting downward pressure on the exchange rate.  1

Conclusion

The decline in oil prices and its relation to the rise in exchange rates in Iraq is a complex phenomenon influenced by a variety of economic factors. While oil prices have a direct impact on Iraq's fiscal health, exchange rate movements are also shaped by monetary policy, fiscal policy, and broader economic conditions. Understanding these dynamics is crucial for policymakers aiming to stabilize the economy in the face of volatile oil markets.

Is the decline in oil prices related to the rise in exchange rates? An "important" clarification from Al-Alaq, 18 SEPT

 The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced today, Wednesday, that all transfers are subject to auditing processes, while he indicated that the decline in oil prices has nothing to do with the rise in the exchange rate.

Al-Alaq told the official agency, which was followed by "Al-Eqtisad News", that "the Central Bank provides the dollar at the official price to all commercial and personal channels, travelers, and all types of operations that represent legitimate activities, operations, and requests." 

He pointed out that "any price outside the country is a price that only indicates the existence of abnormal operations that attempt to deviate from the official and legal system and the correct fundamental channels," stressing the need to "focus on the amount of sales carried out by the Central Bank at the official price and those seeking the dollar, whether they are traders, importers, individuals or travelers."

He pointed out that "methods have been put in place for each channel to secure the provision of dollars on the one hand, and a very large degree of oversight to verify the integrity of the pre-operations before they are implemented," noting that "this is a major shift in foreign transfer operations, as they were previously audited at a later stage, and today all transfer operations are not carried out or implemented except after they are subject to the auditing process."

He explained that "the decline in the price of oil has nothing to do with the rise in the exchange rate because Iraq has foreign currency reserves that enable it to defend the exchange rate  link

DINARLAND UPDATE: BANK RATES CHANGING AND FLUCTUATING IN BANKS, 18 SEPT

Summary

Stay updated on Iraq Dinar revaluation and financial insights, including currency fluctuations and economic progress.

Highlights

• 🚩 Lower notes are out?
• 📈 Bank screen rates changing and fluctuating.
• 💰 Iraq maximizes non-oil revenues.
• 🏦 Digital banking reforms underway.
• 🔍 HCL passage could affect Dinar value.
• 🗣️ Citizens expect the Dinar to strengthen.

Key Insights

• 🌍 Iraq’s economic progress is reflected in its low national debt, now only 9% of reserves, signaling a potential for growth.
• 📊 The fluctuation in bank screen rates indicates a possible priming of the system that could lead to a new Dinar value.
• 🎤 Increased electronic payment points (30,000) suggests a shift towards financial inclusion and modernization of Iraq’s economy.
• 🏛️ The HCL (Hydrocarbon Law) is a critical factor in establishing a new value for the Dinar, contingent on upcoming parliamentary decisions.
• 📉 Iraq still heavily relies on oil sales (89% of budget), making it vulnerable to global oil price fluctuations.
• 🚀 Digital transformation efforts, including partnerships with major tech companies, could significantly impact the Iraqi economy and Dinar revaluation.
• 💬 Citizens and officials express optimism regarding the Dinar’s future strength against the dollar, indicating potential positive sentiment in the market.