Monday, September 23, 2024

CBI ANNOUNCED THE IQD RV!!!! @DINARREVALUATION

Prime Minister meets Kenyan President in New York, 24 SEPT

 Prime Minister meets Kenyan President in New York

9/22/2024  Baghdad

Prime Minister Mohammed Shia Al-Sudani stressed the need to enhance mutual diplomatic representation between Iraq and Kenya.

The Prime Minister's media office stated in a statement received by Mawazine News that "Prime Minister Mohammed Shia Al-Sudani received at his residence in New York, today, Sunday, the President of the Republic of Kenya, William Ruto, on the sidelines of his participation in the 79th session of the United Nations General Assembly.

 During the meeting, they discussed bilateral relations between the two countries, supporting their frameworks in many fields, ways to consolidate joint cooperation, and everything that would enhance the interests of their peoples. The two sides also discussed the file of Kenyan workers in Iraq."

The Prime Minister referred to "the foundations of the relationship between Iraq and Kenya, which date back decades," stressing "the need to enhance mutual diplomatic representation and develop the level of fruitful economic partnership."

For his part, the Kenyan President praised "Iraq's pivotal role in the region and its efforts to enhance security and stability in it. He also expressed his country's desire to build the best relations between the two friendly countries in the economic and trade fields."

At the end of the meeting, the two sides exchanged official invitations to visit both countries, in order to develop bilateral relations at various levels and fields.  LINK


LATEST FROM NADER FROM MID EAST, 24 SEPT

 Nader From The Mid East  

[Follow up to Nader's 3 weeks to exchange large notes to small notes post from 9-22-2024 below] 

The only problem we all have here in America, Canada, Australia, England or wherever, you have to find a way to exchange that big bills to smaller bills.  I'm talking about Iraq dinars, you change the 25,000 to 500s.  This how is going to be.  They're going to have the 1s, 5s, 10s, 25s, 100s, 250s and 500s.  That's what they going to have...If you have 25,000 [note] it's going to be 25,000 dinar.

RV UPDATE BY NADER FROM MID EAST: " THEY'RE GOING TO REMOVE THE 3 ZEROS SOON", 23 SEPT

Nader  From The Mid East  

 They're going to remove the 3 zeros soon... In 1990 Kuwait did the same thing...If you go back in that time and you find the article, you can read it, it's the same article come out, the big bills are going to be the same than the small bills...25,000 dinars they're going to count like 25.  

What they did was the opposite, the whole opposite, the 25,000 become 25,000.  They stayed 25,000.  

When you go change your money [Iraqi dinars] this is what's going to having...You'll have three weeks to find a way to exchange your money to small category dinar.  Once you change your money to small categories you guys safe.  That's how it's going to work..


CBI IS REVIEWING THE PROJECT DELETE ZEROS FROM DINAR TO BE APPLIED SOON ...

Prime Minister: We are working to support investments that aim to diversify the economy away from oil , 24 SEPT

 Prime Minister: We are working to support investments that aim to diversify the economy away from oil

9/22/2024

Prime Minister Mohammed Shia Al-Sudani said that we are working to support investments that aim to diversify the economy away from oil, while focusing on the role of the private sector in providing job opportunities.

The Prime Minister stressed in his speech at the Future Summit on Confronting Future Challenges, which is being held on the sidelines of the 79th session of the United Nations General Assembly in New York: The need to give Iraq priority in climate financing as it is one of the most affected countries, and we have begun implementing our commitments stipulated in the National Contributions Document.

The Prime Minister also stressed the keenness to provide incentives to the private sector and invest in renewable energy projects, which reduces our dependence on fossil fuels and contributes to a more sustainable future.    LINK

DINARLAND HIGHLIGHTS: CBI ANNOUNCED THE IQD RV, 24 SEPT

 Summary

The Central Bank of Iraq today announced the revaluation of the Iraqi dinar, making significant progress towards alignment with international standards. Prime Minister Sudani confirmed the formation of a committee to adapt Iraq's banking system, which could signal a major change on the horizon. The elimination of the three zeros from the dinar is part of a monetary reform that seeks to simplify transactions and increase economic confidence.

HIGHLIGHTS: Important progress is being reported in Iraq in relation to aligning the banking system with international standards.

Frank 26 points out that Iraq is making more progress than he publicly shares.

Iraq's prime minister confirmed the formation of a committee to align the banking system with international standards.

The question is raised as to why Iraq would be aligning its banking system internationally while still operating at a program rate.

Alignment with international financial standards often precedes significant reforms, especially in terms of currency adjustments.

Militia man suggests that Iraq is progressing towards a possible revaluation of the currency and the elimination of three zeros.

Militia man highlights Iraq's progress and the possibility of going to the international market soon.

The elimination of three zeros from the Iraqi currency is mentioned as an important step for the economy.

There is speculation about a revaluation to come, which could boost investor confidence locally and internationally.

Alak's role as governor of the Central Bank of Iraq in efforts to eliminate the black market and align the official exchange rate is highlighted.

The dezeroing of the Iraqi dinar is part of a broader monetary reform plan to strengthen the economy.

The elimination of zeros seeks to simplify transactions and increase confidence in the economy.

This measure backed by real economic reforms is expected to improve the stability of the currency.

Iraq seeks to attract investors, improve economic independence and reduce pressure on the general budget and foreign reserves.


TRANSLATION IN SPANISH

 Summary

El Banco Central de Irak anunció hoy la revaluación del dinar iraquí, con avances significativos hacia la alineación con estándares internacionales. El primer ministro Sudani confirmó la formación de un comité para adaptar el sistema bancario de Irak, lo que podría indicar un cambio importante en el horizonte. La eliminación de los tres ceros del dinar es parte de una reforma monetaria que busca simplificar transacciones y aumentar la confianza económica.
HIGHLIGHTS: Se están reportando importantes avances en Iraq en relación a la alineación del sistema bancario con estándares internacionales.
Frank 26 destaca que Iraq está progresando más de lo que comparte públicamente.
El primer ministro de Iraq confirmó la formación de un comité para alinear el sistema bancario con estándares internacionales.
Se plantea la pregunta sobre por qué Iraq estaría alineando su sistema bancario internacionalmente mientras aún opera a una tasa de programa.
La alineación con estándares financieros internacionales suele preceder reformas significativas, especialmente en términos de ajustes de moneda.
Militia man sugiere que Iraq está progresando hacia una posible reevaluación de la moneda y la eliminación de tres ceros.
Militia man destaca el progreso de Iraq y la posibilidad de ir al mercado internacional pronto.
Se menciona la eliminación de tres ceros de la moneda iraquí como un paso importante para la economía.
Existe especulación sobre una revaluación por venir, lo que podría aumentar la confianza de inversores local e internacionalmente.
Se destaca el papel de Aliak como gobernador del Banco Central de Iraq en los esfuerzos para eliminar el mercado negro y alinear la tasa de cambio oficial.
La eliminación de ceros del dinar iraquí es parte de un plan de reforma monetaria más amplio para fortalecer la economía.
"""
La eliminación de ceros busca simplificar transacciones y aumentar la confianza en la economía.
Se espera que esta medida respaldada por reformas económicas reales mejore la estabilidad de la moneda.
Iraq busca atraer inversores, mejorar la independencia económica y reducir la presión sobre el presupuesto general y las reservas extranjeras.

CBI ANNOUNCED THE IQD RV!!!! @DINARREVALUATION

" TO IQD HOLDERS" BY ARIEL, 23 SEPT

 TO 𝙄𝙌𝘿 𝙃𝙤𝙡𝙙𝙚𝙧𝙨: What would you do if you woke up tomorrow morning and suddenly realize you are a multi millionaire 3 times over? Are you all ready for that type of money?

Because at this point I am expecting the rate change at any moment.

When you exchange don't act like you don't know how to log on to X and speak.

Because a lot of you all about to start acting bad & bougie. 

Anyway I hope you all bought all you need. The rate release is but a glance away.

MILITIAMAN CC NOTES HIGHLIGHTS: Al-Sudani's Participation in UNGA and Banking Reforms , 23 SEPT

 Al-Sudani's Participation in UNGA and Banking Reforms 

  • Prime Minister Muhammad Shia Al-Sudani arrived in New York for the 79th UN General Assembly session, involving multiple speeches and sideline meetings.

  • Key discussion topics include strengthening cooperation, facing global challenges, and affirming commitments.

  • Sudani's advisor highlights that Iraq's banking system is rentier, heavily reliant on oil resources and government liquidity.

  • Comprehensive reforms are needed to transition Iraq towards a market economy, with potential assistance from Ernst & Young.

  • Privatization of two large state banks is anticipated to enable integration with the international financial system.

  • Al-Sudani announced a higher committee to align Iraqi banks with international financial standards and improve relations with global financial entities.

  • Previous discussions at the Davos meetings emphasized restoring confidence in the international financial system, spotlighting Iraq’s role.


  • Iraq & U.S. Transform Shipping Ports with Quantum Financial System WOW @...

    DINAR REVALUATION REPORT: Iraq and the U.S. Embrace Digital Transformation in Shipping Ports, 23 SEPT

     Iraq and the U.S. Embrace Digital Transformation in Shipping Ports

    Iraq and the United States are advancing their shipping port operations by integrating them into the Quantum Financial System, a move that underscores the nations' commitment to enhancing trade and currency valuation. 

    Digitalization in Iraq's Maritime Sector

    Iraq is spearheading the digitalization of its maritime sector by planning to establish a maritime single window for its major ports, notably Um Qasr (North and South).  This initiative aligns with IMO's mandate, requiring all member states to use a one-stop digital platform to streamline information exchange among stakeholders involved in ship operations as of January 2024.

    The implementation of a maritime single window system will significantly reduce time and costs, benefiting over 80% of Iraq's imported goods that pass through the Um Qasr ports. The system will eventually be extended to the Al-Faw Grand Port, scheduled for opening in December 2024, and other Iraqi ports.

    Strategic Implications

    The integration of Iraq's shipping ports into the Quantum Financial System and the digitalization efforts suggest a strategic shift toward enhancing economic ties and trade facilitation. This move could potentially strengthen currency valuation and improve the efficiency of maritime operations, positioning Iraq as a key player in regional trade.


    DINAR REVALUATION HIGHLIGHTS: " IRAQ AND THE USA ARE INTEGRATING THEIR SHIPPING PORTS INTO THE QFS, 23 SEPT

    Summary

    Iraq and the U.S. are integrating their shipping ports into the Quantum Financial System, enhancing trade and currency valuation.

    Highlights

    • 🌍 U.S. and Iraq connect shipping ports to the Quantum Financial System.
    • 🔗 Regulations align to facilitate smoother trade operations.
    • 💻 Digital technology secures borders and enhances transaction efficiency.
    • 📈 Currency values will reflect real trade activities, reducing manipulation.
    • ⚙️ Export controls implemented to protect national security and economic interests.
    • 🚢 Watch the waters: trade routes are pivotal for currency valuation .
    • 💡 Iraq completes phase two of port digitization by September 2024.

    Key Insights

    • 🌐 Quantum Financial System Integration: The connection of U.S. and Iraqi ports to the QFS signifies a monumental shift towards digital trade, enhancing global commerce efficiency.
    • 🔒 Digital Security: Utilizing advanced tech for border security minimizes human error and fraud, ensuring accurate transaction processing across nations.
    • 💵 Valuation of Currencies: As countries transition to digital systems, currencies like the dinar will better reflect economic realities, potentially increasing their value.
    • 📊 Export Controls: New regulations safeguard national interests while facilitating international trade, ensuring that sensitive technologies are monitored effectively.
    • 🌊 Trade Routes Importance: Shipping ports are crucial for economic interaction; their digitization heralds a new era of seamless trade and currency movement.
    • 🔄 Interoperability of Blockchain Networks: The ability for different countries’ digital systems to communicate will streamline cross-border transactions and reduce costs.
    • 📅 Completion of Phase Two: Iraq’s progress in digitizing its ports by September 2024 showcases its commitment to modernizing its economic infrastructure and integrating with global markets.

    CBI IS REVIEWING THE PROJECT DELETE ZEROS FROM DINAR TO BE APPLIED SOON ...

    DINAR REVALUATION REPORT: Full Text of Al-Sudani's Speech at the Future Summit in New York 2024, 23 SEPT

     Full Text of Al-Sudani's Speech at the Future Summit in New York 2024

    As of September 23, 2024, the exact full text of Prime Minister Mohammed Shia al-Sudani's speech at the Future Summit in New York has not been directly sourced. However, insights from recent events and statements provide a context for what might have been discussed.  [2]:url2. 

    Prime Minister's Participation and Agenda

    Prime Minister al-Sudani attended the opening of the Future Summit on Confronting Future Challenges in New York.  The summit, held on the sidelines of the 79th session of the United Nations General Assembly, aimed to address global challenges and foster international cooperation. Al-Sudani was set to deliver Iraq's speech at the summit, focusing on sustainable development indicators and advocating for productive diplomacy and international cooperation. 

    Iraq's Development Strategy and Diplomatic Approach

    During the United Nations General Assembly, al-Sudani was expected to formally present Iraq's comprehensive development strategy. This strategy encompasses a five-year plan and initiatives to adapt to climate change and combat the effects of global warming.  Additionally, the Prime Minister aimed to leverage the global platform to communicate Iraq's policies and development strategies effectively, engaging in discussions on progress across multiple sectors. 

    Climate Initiatives and Energy Sector

    Al-Sudani's speech likely highlighted Iraq's commitment to a developmental renaissance, including the "Zero Flame" initiative aimed at eliminating gas flaring. This initiative has been pursued for the past 23 months and has invigorated the oil, gas, and renewable energy sectors, setting Iraq on a transformative path toward a new era in energy production.  The government targeted an increase in the utilization of flared gas from 69% to 75%, with aspirations to position Iraq among the world's top five gas producers. 

    Conclusion

    While the precise transcript of al-Sudani's speech is not available, his participation at the Future Summit and the United Nations General Assembly underscores Iraq's dedication to sustainable development, international cooperation, and addressing global challenges. The strategies and initiatives discussed by the Prime Minister reflect Iraq's commitment to a future that is environmentally sustainable and economically prosperous. 

    Full Text Of Al-Sudani's Speech At The Future Summit In New York, 23 SEPT

     Full Text Of Al-Sudani's Speech At The Future Summit In New York

    Baghdad Today – Baghdad  Prime Minister Mohammed Shia Al-Sudani stressed, today, Sunday, September 22, 2024, the importance of adopting clear strategies for using artificial intelligence in a safe and responsible manner to serve humanity.

    Al-Sudani participated in the Future Summit, which was held in New York today, Sunday, on the sidelines of the 79th session of the United Nations General Assembly.

    The summit aims to enhance cooperation on key challenges and bridge gaps in global governance, reaffirm existing commitments to the Sustainable Development Goals (Global Goals) and the UN Charter, and lay the foundations for more effective global cooperation that can address today’s challenges and emerging threats in the future.

    He pointed out that "the political parties inIraqMost of them have military wings, and therefore there are justifications and power for the corrupt person present at the border crossings and protection from dismissal from his position or follow-up and monitoring of all his activities,” indicating that “the border crossings are one of the economic gates through which many corruption deals pass, including currency smuggling, money laundering and drug trafficking.”

    He revealed that “every employee who seeks to report the existence of a corruption deal is exposed to dismissal, beating and continuous penalties, and some of them are physically liquidated.

    There are cases that we have witnessed in previous years, and the best evidence is a police officer who was assassinated in a hideous manner and was thrown into a kerosene tank as a result of reporting oil smuggling at the crossings.BasraTwo years ago.”

    He concluded by saying that “the companySumerI addressed directlyPrime MinisterWith more than 200 thousand barrels smuggled through the northern ports, stressing that "the Iraqi state is completely unable to control the border ports, which are one of the biggest doors to corruption."  LINK

    Coffee with MarkZ. 09/23/2024


    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: Welcome to another week of great expectations

    Member: Well, we didn’t wake up to an RV, or am I just not awake yet? lol

    Member: Good morning everyone, hoping that passing the HCL law will start the RV process.

    ​​Member: IMO-The HCL approval is in the missing Gazette... when they are ready they will post it.

    Member: RV info was really lit up yesterday! from Iraq. HCL approved?

    MZ: It saw a lot of movement over the weekend. 

    MZ: In Iraq: Pay attention to this one. “Al Alaq –We are constantly reviewing the deletion of dinar zeros and there are no restrictions on the balances in America”  That part “No restrictions” is telling us that Iraq is in charge of its own money . In this article when you do a deep dive in it- they are doing exactly what they did in Kuwait with the terminology and phrasing and telling us it’s time to remove those zeros. 

    MZ: In Kuwait they greatly increased the value…they had to turn them in for lower denomination notes or deposit them in banks….

    Member: If there are no restrictions on Iraq, why are we still waiting? I was not here during Kuwait, so not sure how this actually moves forward. Hard to not be numb to good news.

    MZ: Those restrictions just suddenly disappeared. 

    Member: The fact that Iraq and the currency is in mainstream media is all I needed to calm down after over a decade of this speculation

    Member: So we have to exchange our 25 k notes for lower denoms before we exchange?

    MZ: No….That is how it worked in Kuwait 

    Member: Some are saying we have to exchange our big 25 k notes into lower denoms to exchange…….IMO exchanging the 25K bills into smaller bills is probably really just in Iraq as we don't got to the store to spend them

    Member: Mark - when the zeros are deleted and the new lower currency is released in Iraq - is that notice to those outside Iraq to convert the $25,000 notes to the newer notes?

    MZ: Now we go to another key piece…..”Tomorrow the launch of employees salary financing”  That came out yesterday so it is today. Today they are getting paid. This is HCL (Hydro Carbon Law) stuff going on. 

    MZ: “Kurdistan deposits nearly 100 Billion dinars of its non-oil revenues in the Baghdad Treasury”  IMO they would not be doing this if they were not done with HCL  Look for an announcement at any moment.  ;

    Member: "Sudani has gone to the US treasury to deliver a new exchange rate This time Sudani goes, not Alak !!!" - Frank 26

    MZ: That is the Rumor….We have Sudani in New York and Al Alak (Governor of the CBI) is openly discussing deleting the zeros- which is kind of a first for him. And we have HCL movement in Iraq. There is big stuff going on 

    Member: Alaq announces pioneering financial sustainability map for Iraq’s banking sector???? That article today Mark? That’s got to be the RV!!

    Member: Did your euro bond contact have his meeting on sat?

    MZ: There is a lot of chatter on the bond side- but nobody has been paid yet. Funds did not release over the weekend like they hoped. We should get updates today to see where they are at in that process. 

    MZ: No update on CMKX but I was really hoping to see fines and penalties by now…but we have not. 

    ​​Member: I heard as of today, Canada will no longer accept the US Dollar, Hope this is true?

    Member: simply lynn posted video saying on forex charts dinar is trading at $3.25 she posted it in her rapid updates yesterday via someone who works on forex

    Member: I would jump for joy at that rate!!

    Member: Oct. 1st. 159 countries to stop using the U.S.Dollar. This has to be huge .

    Member: And Oct 1st is the first day of the new US fiscal year. 

    Member: ​​I keep saying…!!! Nothing is going to happen until the new USTN is out !

    ​​Member: FYI - 100 days from today, we'll officially be in 2025.

    MZ: Be aware a crippling port strike is scheduled to happen in a week on the east coast. A lot of food and paper goods come through those ports. 

    Member: A good time to stock up again on paper towels and toilet paper….lol

    Member: Judy on the restored republic posted someone saying to sign up for the QFS now.

    MZ: You cannot sign up for the QFS. Be careful there are a lot of scammers and misinformation out there. Also people pretending to be somebody else. Most of the scams are on telegram….we have changed our site to read only……and opening a discord sight which is free with no ads . The link is  https://discord.com/invite/AxGE6k4pvx

    MZ: I probably will soon also be leaving Twitch….that is another reason to use discord

    Member: It’s really hard to stay positive with all these delays 

    Member: The day isn't over yet! Emails can come at any moment - keep the faith! 

    Member: Have a great day everyone…..see you all tonight 

    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

    Iraq's Bold Move: Removing Zeros from the Dinar!

    Kuwaiti Decree to Avoid Double Taxation and Prevent Financial Evasion with Iraq, 23 SEPT

      Kuwaiti Decree to Avoid Double Taxation and Prevent Financial Evasion with Iraq

    9/22/2024

    Kuwait announced the issuance of a decree approving an agreement with Iraq aimed at avoiding double taxation and preventing financial evasion with regard to taxes on income and capital.

    The Saudi "Argaam" Agency reported that the explanatory memorandum came out of a desire to strengthen mutual economic relations between the governments of Kuwait and Iraq, as the agreement was signed to avoid double taxation and prevent financial evasion.

    Article (1) of the agreement indicated that it applies to persons residing in one or both of the contracting states, while Article (2) stipulated the taxes covered by this agreement.

    The agreement includes a definition of dividends, which means income from shares, beneficial ownership, founders' shares or other rights not representing debt claims, as well as participation in profits. It also includes income from other corporate rights, such as income from shares, according to the laws of the Contracting State of which the company distributing the income is a resident.

    The agreement stipulated the necessity of exchanging confidential information between the competent authorities in the two countries, related to the implementation of the provisions of this agreement.

    In addition, the agreement excluded income derived by a resident of a Contracting State as a theatre, cinema, radio, television, or musical artist, or as a sportsperson, as these categories may be subject to tax in the other Contracting State.  LINK

    LATEST FROM FNU LNU, 23 SEPT

      Fnu Lnu

       Exchange Centers are off premises bank facilities to prevent excess traffic at bank branches. It is illegal to have different rates at different places. Remember the Law of One Price.

    Fnu Lnu 

     I do not buy this "Education Program" nor do I buy the "Adjusting of the Parallel Market". The education is taking too long to be effective and it isn't government's job to adjust black markets. These are stall tactics while they placate the masses.  But why?...

      When you drag out the "Education" as long as the GOI and CBI has been doing, nothing sticks. If it is not in practice, then it is just words from the mouths of bureaucrats. Iraq has had more than enough of that and they do not pay attention.

     They will become educated when it means something to them, like the cost of goods and services, and buying power, and velocity of money. This is all obfuscation and I don't believe a word of it. Logic tells me they are stalling the people.

    The $64,000.00 dollar question is why? What's the real plan?

    IRAQ'S CURRENCY REFORM : DELETING ZEROS IN 2024

    DINAR REVALUATION REPORT: Central Bank of Iraq's Plan to Remove Zeros from the Dinar, 23 SEPT

     Central Bank of Iraq's Plan to Remove Zeros from the Dinar

    As of September 22, 2024, the Central Bank of Iraq is studying the feasibility of removing zeros from the Iraqi dinar.    This move is part of a strategic plan aimed at simplifying financial transactions and reducing transaction costs, which was first announced in 2011.  The plan, once complete, will be passed to the ministerial council and Parliament for approval. 

    Reasons for Removing Zeros

    The primary reason for deleting zeros from the currency is to combat inflation and enhance confidence in the national currency.  This process can simplify accounting operations and financial transactions, potentially improving the country's image before investors and the international community. 

    Potential Challenges

    Removing zeros from the currency involves challenges such as printing new currency, modifying accounting systems, and training people on how to use the new currency.   This process may initially cause confusion among residents and consumers and requires careful planning to avoid economic disruptions. 

    Precedents

    Countries like Turkey, Brazil, Zimbabwe, and Venezuela have previously removed zeros from their currencies.  For example, Turkey removed six zeros from its currency in 2005, Brazil undertook similar measures in the 1980s and 1990s, Zimbabwe removed twelve zeros in 2009, and Venezuela removed five zeros in 2018. 

    Impact of Removing Zeros on Balances in America

    The removal of zeros from the dinar does not indicate any restrictions on the Central Bank of Iraq's balances in America.   However, the effects on international transactions and the dinar's exchange rate will depend on how well the process is executed and the state of Iraq's economy at the time of implementation. 

    Conclusion

    The Central Bank of Iraq's plan to remove zeros from the dinar is a significant step toward simplifying financial transactions and enhancing the currency's stability. However, careful planning and execution are necessary to ensure the process is successful and does not lead to economic disruptions.