If you follow most of their math on the REER (Real Effective Exchange Rate)…The worst case scenario or bare minimum it could possibly be is .76 cents...
What we are expecting is in the high $3 range or low $4 range which makes the most economic sense. I am still being told to expect higher than that.
the Export Import bank of the United states has approved $297 Million for an energy efficiency project in Iraq.
This money would not be going to Iraq if it wasn’t going to be safe and stable…and if they could not pay those loans back. They are counting on an International Iraq with a real effect exchange rate.
TRADE BANK OF IRAQ ANNOUNCES MEASURES TO SUPPORT EXCHANGE RATE STABILITY
The Trade Bank of Iraq (TBI) announced today, Wednesday, that it has taken a series of measures to support the stability of the exchange rate and prevent exploitation by speculators.
The Director of the Tahrir Branch at the Iraqi Bank, Yarub Al-Hashemi, told the Iraqi News Agency (INA): “The bank’s management has taken a series of measures to stabilize the exchange rate and prevent manipulation in the market, including increasing working hours in the bank’s branches, which has had an impact on the speed of completing merchants’ transactions, the smoothness of financial transfers, and eliminating the momentum in this regard.”
He added, “There is a series of measures being taken successively that will have a clear impact on controlling the exchange rate, preventing speculators, and limiting the granting of dollars to the beneficiaries exclusively.”
Prime Minister Mohammed Shia Al-Sudani directed “intensifying inspection procedures in financial transfer operations and not being lenient or lenient in pursuing speculators who exploit the crises the region is going through; to achieve personal profits and benefits at the expense of the public interest of the country.”
They're got e-government and their institutions doing payments electronically. 600 entities of the government already are doing it.
That's huge.
There's no turning back...The country of Iraq is embracing electronic digitization for the state institutions and the financial system progress has been massive...
2 million cards the first year and 18 million more this year...It shows progress like no other...
Turning on their new exchange rate will ignite the country into a digital revolution. The world will marvel over it...
ERBIL (Kurdistan24) — Kurdistan Region Prime Minister Masrour Barzani met with a high-level US delegation led by Congressman Seth Moulton on Friday, as both sides discussed ways to deepen ties between the Kurdistan Region and the United States. The meeting, also attended by US Consul General Steve Bitner, focused on regional developments and cooperation in key areas.
Congressman Moulton emphasized the longstanding friendship between the US and the Kurdistan Region, highlighting the region’s role as a trusted ally. He underscored the US commitment to supporting the Peshmerga forces and ensuring the security of the Kurdistan Region amid ongoing challenges in the region.
Prime Minister Barzani expressed gratitude for US support and reiterated the Kurdistan Region’s desire to strengthen cooperation across various sectors. He also emphasized the importance of continuing reforms within the Ministry of Peshmerga, which aims to unify and modernize the forces. Both sides agreed on the need to accelerate reforms and ensure their success.
Other key topics included the resumption of oil exports from the Kurdistan Region, preparations for both the Kurdistan parliamentary and US presidential elections, and the complex geopolitical situation in the Middle East. Discussions also covered efforts to bolster security and stability amid rising tensions and conflict in the region.
The meeting reaffirmed the strong partnership between the US and the Kurdistan Region and their shared commitment to promoting peace and development in the region.Kurdistan Region Prime Minister Masrour Barzani (top right) during his meet with a high-level US delegation led by Congressman Seth Moulton, Oct. 11, 2024. (Photo: KRG)
IRAQ EXPORTS MORE THAN 54 MILLION BARRELS OF OIL AND ITS DERIVATIVES TO AMERICA
(I can still remember the day when under Trump, America did not have to import any middle east oil. So, what happened under Biden? What does this tell us? I find nothing wrong with this as long as they keep the price level down but the best part is that Iraq is now refining their own oil and selling not only raw crude oil exports but now running refineries to generate oil products (or derivatives) and exporting them too. )
The US Energy Information Administration announced on Monday that Iraq exported more than 54 million barrels of crude oil and its derivatives to the United States during seven months of the current year.
A schedule of the administration, which Shafaq News Agency reviewed, showed that Iraq’s exports of oil and its derivatives during seven months amounted to 54 million and 917 thousand barrels.
He pointed out that Iraq exported eight million and 868 thousand barrels of crude oil and its derivatives during the month of July, an increase from the month of June, when exports amounted to eight million and 600 thousand barrels.
The US Energy Information Administration stated that OPEC’s exports of crude oil and its derivatives to America during seven months of the current year amounted to 270 million and 853 thousand barrels, with Saudi Arabia leading the highest rate with 79 million and 402 thousand barrels during the same period of time.
Iraqi oil exports to the United States have increased significantly over recent years, with export figures reaching record levels in some months, partly due to Iraq’s ability to increase its oil production, as well as rising global demand for oil.
Oil trade relations between Iraq and the United States play an important role in strengthening economic relations between the two countries, and contribute to enhancing the stability of the global oil market and providing energy to the American and global economies.
Sudani on Friday told the citizens [in an article] we're lifting the three zeros to add value to your currency so you have purchasing power, all of this by the end of the year.
Then the following day, Saturday, they [Barzani in Kurdistan] came out and they said word for word they're going to lift the value, they're going to add purchasing power,that's what Baghdad..the central bank...
Sudani's people are saying.
It looks like they want to get it done by the middle of October..
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
Happy Birthday to Mark’s Son Zester today!!
Member: Good Morning to Mark, Mods, and Members
Member: Mark, Are you as excited this week as you were last week? Seems things have stalled instead of happening like they were supposed to.
Member: Militia Man says salaries are to be paid in Iraq on Wednesday the 16th. Do you believe a new rate will be implemented prior to that payroll distribution?
MZ: Articles out how Iraq has completed all the steps needed to join the WTO: We knew they had completed all the steps and now this is an official statement saying they are done. Many experts besides myself including other intel providers (gurus) and members of the Iraqi finance ministry believe this will bring us their increased rate.
Member: Iraq is ready, Lets go!!
Mark, there are many countries that are WTO members with much weaker currencies than Iraq, Vietnam as an example. I wonder why in Iraq –it would warrant a new rate?
MZ: “Securities announce the launch of a new website for the Iraqi Stock Exchange” they continue to modernize and become a dominate force in the region.
MZ: “Iraq is the third largest Arab Nation with gold holdings” Iraq’s possession of gold has reached 152 tons.
MZ: Let’s think about the values of other currencies in the region…..like Jordan and Kuwait…..Iraq is trouncing most of them in resources, physical gold ect…..Iraq is making their case to support their higher value.
Member: I believe Jordan’s rate is around $1.50 or so and Kuwait is around $3.50 or so……to the USD
MZ: And Iraq is diversifying with non oil revenues to support their currency. This is for safety and stability. Dr. Shabibi always said that if Iraq was safe and stable –he would give them a more valuable dinar
MZ: Iraq is one of the most safe and stable countries in the region and they are working hard at it.
Member: I think the Dollar Index (DXY) is important to watch. 2 scenarios is plausible: 1) DXY going par at 100 B4 RV goes; 2) DXY goes higher, Iraq revalues IQD and as DXY goes down to par IQD rate grows.
Member: Seems like whenever there is excitement around a bond date, like Tuesday, it comes and goes like nothing ever happened….
Member: I am here for some Omega news
MZ: I know some Omega group leaders that are on a high level watch right now. Hoping to get some news on that soon.
Member: What is Omega?
Member: Its one of the Prosperity packages.
Member: Any Bond movement, rumors or currency updates?
Member: I hear All tier 3 have to sign NDAs. Releasing that information would be catastrophic. Ppl mortgaging their homes, maxing out credit cards, to benefit from the RV.
Member: Jeff Rahm said 10/15 was the outside deadline for this to go, one way or the other.Let’s hope he is right.
Member: Saw an Article that 12 Countries joined BRICS yesterday. 40 more are applying.
Member: I am just not bright enough I guess to understand how we can have all of this news, and still not get the RV.
Member: Prayers for all in Florida and N. Caroling affected by hurricanes this month.
Member: Stay positive guys……even if it takes the rest of the year for the RV…..it’s not that far away.
Member: chess game checkmate in 7 moves. they know it is over but they can still cause pain. The game still needs to be finished. unless they concede and they won't do that.
Member: This weekend is Columbus day and a 3 day weekend…fingers crossed.
Member: Big Happy Birthday to you Zester! Have a great day!
Bob lock joins the stream today. Please listen to replay for his information and opinions.
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
GOOD MORNING TNT TODAY IS WEDNESDAY OCTOBER THE 9TH 20241:16 PM
WHAT IS GOING ON IN FLORIDA WILL BE HISTORIC AND AFFECT THE ENTIRE STATE1:18 PM
WONDER HOW IT WILL EFFECT US AND THE RV Oct 9
THEY STILL FEEL WE COULD HAVE THE RV EVEN IF FLORIDA IS UPSIDE DOWNOct 9
FLORIDA IS ONE OF THE TOP 3 STATES WITH DINAROct 9
COULD IT HAVE AN EFFECT? YOU MIGHT THINK SO. THEY ARE SAYING THEY DON'T THINK IT WILL. HOPEFULLY1:20 PM
UNDS WOULD HELP THE REBUILD1:20 PM
IN THE NEXT 10-12 HOURS; COULD AFFECT HOW WE CAN HELP TO REBUILD THAT WHOLE STATE1:21 PM
NORTH CAROLINA, TENNESEE, PARTS OF GEORGIA HAVE BEEN AFFECTED BY HELENE1:22 PM
BE PREPARED; YOUR PAST WILL PREPARE YOU FOR YOUR FUTURE1:23 PM
ITS BEEN READY TO GO FOR OVER A WEEK AND A HALF1:24 PM
AN ARTICLE CAME OUT ABOUT PEOPLE QUESTIONING WHAT IS GOING ON IN IRAQ1:24 PM
THERE WAS A MEETING THAT JUST ENDED BETWEEN BIDEN AND NETANYAHU1:25 PM
WE ARE WAITING FOR INFO FROM THAT MEETING - IRAQ HAD GREAT NEWS IN THE MOSQUES AND YESTERDAY. NEWS ABOUT REMOVING THE ZEROS AND ALL ARTICLES ARE POSITIVE - IRAQ WANTS THEIR PEOPLE TO KNOW IT IS CLOSE1:26 PM
TODAY IS THE 9TH OF OCTOBER; SO THE PLAN IS CLEARLY TO SEE THIS IN THE NEXT 6 DAYS1:26 PM
THAT'S WHAT I WANTED TO TELL YOU SINCE EARLY THIS MORNING. GOT THAT INFO LAST NIGHT1:26 PM
SUPPOSEDLY IN THE NEXT 6 DAYS- THAT MEETING HAS A LOT TO DO WITH IT; ALONG WITH WHAT IS GOING ON IN THE BANKING WORLDOct 9
RIGHT NOW, HEZBOLAH HAS ASKED FOR A CEASE-FIRE. HAMAS HAS ASKED FOR A CEASE-FIRE, WITH NO CONDITIONS1:32 PM
WE WAIT TO SEE WHAT THE RESULT OF THE MEETING WILL BE - HAVE HEARD SO FAR IN THE LAST HOUR, THAT EVERYTHING WAS GOOD1:33 PM
BEFORE THE 15TH OF OCTOBER THINGS SHOULD BE GOOD - EVERYONE AGREED IT COULD GO ANY MOMENT AFTER 2:00 P.M. EASTERN BECAUSE OF THE MEETING1:33 PM
WONDERING WHAT IS HOLDING IT UP...........NOW WE KNOW - WE ARE AT THAT POINT; NOTHING ELSE HOLDING IT UP - IT IS GOOD TO GO; EVERYTHING IS SIGNED OFF1:35 PM
THE RATE IS $3.91 . IT WON'T DROP BELOW $3.57 - THE RATE ON THE SCREEN - EVERYTHING ELSE IS STILL IN PLACE1:36 PM
THEY TELL ME I WILL GET THE 800S WITH AN HOUR NOTICE1:36 PM
WILL HAVE THE HOUR TO COME UP WITH OUR STRATEGY TO GO FORWARD- HELP THE GROUP TO GET THE BEST RATES;1:37 PM
AFTER 2 O'CLOCK TODAY EASTERN TIME - IN REALITY, I DON'T KNOW IF THEY ARE GOING TO DO IT IN THE MIDDLE OF A HURRICANE. IT WILL EFFECT THE WHOLE STATE.1:38 PM
ITS NOT 2 O'CLOCK YET IN THE EAST - WAS JUST WAS NOTIFIED THE POSSIBILITY OF TODAY IS GREATER THAN LATEROct 9
BIDEN AND NETANYAHU HAVE WORKED IT OUT AND ITS GOING TO BE A GOOD THING SUPPOSEDLY EVERYTHING IS MOVING FORWARD AND WE CAN MOVE ON1:40 PM
I KNOW THE BANKS HAVE THE RATE; I KNOW THAT FROM MY CONTACTS IN THE BANK - THERE IS A HOLD ON THE RATE SO NO ONE CAN GO AHEAD OF TIME1:41 PM
ITS READY- THE BANK SAID THEY HAVE BEEN GIVEN THE GO - GO. THAT'S WHY THEY HAD TO PUT IT ON HOLD1:42 PM
IT SOUNDS LIKE THEY ARE GOING TO RELEASE IT...........IF YOU ARE LISTENING Oct 9
TOO MANY COUNTRIES HAVE TOO MUCH INVOLVED IN THIS FOR IT NOT TO GOOct 9
IRAQ IS PUSHING FOR IT; THAT'S WHY THEY ARE PUTTING OUT ALL THE ARTICLES SHOWING WHAT A BRIGHT FUTURE THEY HAVE1:43 PM
MOST PEOPLE BELIEVED IN IRAQ YEARS AGO; JUST LIKE AFRICA - IRAQ IS GOING TO BE LIKE DUBAI. THAT HAS BEEN THEIR GOAL1:44 PM
GUYS, BE EXCITED, BE HAPPY. KNOW THAT THE WINDOW IS WIDE OPEN AFTER 2 P.M. TODAY1:45 PM
THEY HAVE DESIGNATED A TIME FOR IT TO HAPPEN. THE WINDOW OPENS AT 2 AND COULD BE IN THE NEXT 72 HOURS1:45 PM
FRANK26: "IRAQ IS WINNING THE WAR WITH THEIR BANKS".......F26
Rafidain announces contracting with a specialized company and experts in combating money laundering
10/9/2024
Rafidain Bank announced contracting with a specialized company and experts in combating money laundering.
A statement by the bank's media, a copy of which was received by {Euphrates News}, stated that "within the banking reform plan adopted by the government, the Council of Ministers approved Rafidain Bank's contract with (K2 Integrity) Company for the purpose of developing a framework for governance, policies and procedures related to combating money laundering and terrorist financing in accordance with the requirements of correspondent banks."
The statement added, "The Council of Ministers also approved the bank's contracting with experts specializing in the field of compliance, anti-money laundering, and risk management, in a way that contributes to enhancing the role of Rafidain Bank in activating international trade and facilitating the procedures for opening accounts with reliable foreign correspondent banks."
I have to start off with my commentary today with some really good news, actually some WOW! WOW! WOW! news. Let me explain. No the RV has not yet happened, but we can see the path now and very clearly.
So, finally we get word that Iraq has met all it requirements to join the World Trade Organization (WTO). Please go read the news on this topic under the article titled “THE GOVERNMENT COMPLETES THE FILE TO JOIN “WTO”.
Now the arguments and rumors begin to fly in the dinar intel community from all the gurus and also from my blog readers. Why is this? I have already settled this issue as to whether Iraq needs a currency or not to join the WTO. Why do you still question it?
I will repeat the requirements now once again. The FACT is any country joining the WTO must have a currency. It does not require any country to have a currency that is traded on FOREX. Get it? It is that simple. However, having said this, don’t you think that combined with all the other news we have been reading over the last couple years that Iraq is moving to reinstate their currency back on FOREX and that this announcement only adds to this commitment? Go read the White Paper. Why are they de-dollarizing? Why in hell are they fast-tracking now all these financial reforms with the US Treasury? So, why all the talk on my blog about it then? Don’t you trust what I tell you? Stop speculating!
Please stop trying to pigeon hole the RV to one or a few events. AndI mean speculating just becasue of this recent WTO announcement. This DOES NOT make the RV imminent. Get it? Folks all these recent activities and events matter and the RV is a “by-product”of all these events not a singular event in itself. Get it? It is like a choo-choo train going down the tracks. It makes it stops to pick up, but it has a final destination. We all know what that is.
Then also think about what my CBI contact told us. What did she say? She said that after the election, if these crazy people are voted out of the government of the US, then there is a VERY HIGH possibility her committee would begin the process of the deleting the zeros and currency swap out in November. Then what did the prophet Kim Clement tells us? He told us it is going to be an “Hypnotic November”. What does he mean? Please go watch the video again if you don’t remember. What the hell do you think I am posting all this stuff on my blog for? Do you think it’s all for my health? Folks I already know all this information. I have already put this together the full picture and I can easily see it. The view is now in sight and the writing is on the wall. So much on the wall that I do not believe anything is going to stop it short of a major disaster.
I get a kick out these ignorant intel gurus, (and you know who you are because I know you are reading my posts today), who speculate and come up with all their fake dates and nonsense. How many times must we hear about this stupid NESARA being implemented, then nothing ever happens? When will these idiots get wise to who is providing their stupid form of intel? But the important part is when will YOU STOP listening to them.
What else is in the news this period of news?
I will only mention one other article that I give a one WOW! to. The title is “THE CENTRAL BANK CONTINUES THE ACTUAL IMPLEMENTATION OF BANKING REFORM PLANS”. In this news we read that the CBI has completed the first phase of the banking reform process. They then go on to tell us what the steps were in this phase. Why is this important. First of all, we can confirm by this article that there is a plan and they are working towards it, and that is their road map. It is all in the White Paper folks. It is the work on the Pillars of Financial Reform. It is exactly what I have been presenting to you in the articles and all the news we witnessed over these last couple years. Here is a recap from the article:
1.drawing up policies, programs and standards and determining the main and sub-goals for the transition to a complete reform by achieving tangible and important results in the field of regulating foreign trade financing and regularity in the global financial system through strict adherence to international compliance standards; (This was the development of the White Paper part, the actual plan)
2.building solid international banking relations with global banks and correspondent banks;
3.introducing the local currencies of countries with significant trade exchange to cash transactions in their local currencies in addition to dealing in the US dollar;
4.Also, activating and strengthening its procedures in the
transition from a cash economy to a digital economy and cooperating with the government in expanding the use of electronic payment tools and spreading the culture of transitioning to a cashless society.
If you care to take the time to read Tuesday’s Edition of the Mnt Goat Newsletter you will also see many of these reforms in my commentary are from the very recent articles. They are mostly all covered in this recent news article I present today. Folks, it all there. Are you reading my Newsletter even?
Certainly, the above tasks occupied a large part of the efforts at the local and international levels. Within the reform map led by the Central Bank with the cooperation and support of the government and the support of the Prime Minister personally, the focus will be on restructuring government and private banks in a way that does not allow the existence of troubled and unsound banks and starting to implement new policies.
So, what does a “map” do? A map guides you right? There is a plan (where Iraq wants to go) and then a map on how to get there (the necessary changes).
Then common sense tells us that if we know the plan and the map, we can intelligently try to determine their target. Does this make any sense? Instead of speculating and listening to some weird bullshit from very weird people, we can do this ourselves, just as I am doing for you. But the key is not to forget what they already said to us. The information we read each day builds upon itself not a separate bit of news altogether. Get it? This is the problem many have in seeing the big picture about this investment. They want hype, they desire rumors and they thrive off of any day / every day lies about an imminent RV. In other words they enjoy the daily ride on the RV roller coaster.
There is yet another issue that really “gets my proverbial goat” and that is the stupidity and hype about paying the Kurdistan salaries. I have to tell you now not to watch the payment of these salaries as an event for the RV. No they do not wait to pay the salaries because they hope they can pay in the new rate and thus the new rate is imminent. Some of these really stupid intel gurus will try to convince you that Iraq wants to pay them in the revalued rate and this holdup in salaries is related to the holdup of the new rate. How dumb to even make this connection. Folks use your brain. Even my CBI contact told me this is pure stupidity and insanity to think this way.
So why is paying the salaries to Kurdistan really important (not this stupid Guru talk)?
the IMF told Iraq nearly a decade ago that they must pay these salaries on time and routine. (this goes way back to 2011 even under initial IMF Consultations with Iraq)
the GOI must ensure they have the funds to pay them and have at least 4 months worth of these salaries in their reserves, just in case of a emergencies (just like they experienced during Covid) (with $120 billion in reserves they certainly meet this requirement)
They must clean up the corruption associated with these FAKE where some people are getting paid double and even triple over fake names. (We read many articles on this subject matter over the years and Kurdistan got caught red-handed in this corruption scheme. This is also why the finance committee and the CBI just mandated all salaries are to be electronically paid or you don’t get paid.)
They must have a census taken of the disputed Article 140 territory to include salaries for jobs in these government run positions in these districts taken over by Kurdistan. (Just a very recent article on this topic which I decided NOT TO POST or even talk abut as it was not significant even for us to worry about.)
But let me add these all of these items on the list have an impact on the RV but certainly not as these intel gurus interpret them. I would say out of all of them #1 is the most important for us to watch and this is an Iraqi Constitutional requirement not really an IMF requirement anyhow. Remember they must have their new constitution fully implemented to get their currency reinstated. This has been told to me many times by my CBI contact.
What can we as investors do right now?
Pray and pray that nothing will mess this up….
Be very patient….
Do not sell you dinar….
No more intel guru talk….
No more NESARA / GESARA crazy talk
Stop listening to all these idiots as they are only confusing you more and more (especially TNT and “The Big Call” idiots.)
Don’t over speculate and set unjustified expectations
I know the path to this reinstatement and I don’t have to speculate or guess.
If you are faithful follower of my blog you then clearly see I have NEVER misled you on the information. How can I say this? It is because I show you evidence and FACTUAL information not some make-believe fairytale bank stories, or lies that four letter agencies are talking to me, because the aren’t and I don’t care what the hell they are saying anyway. None of this ridiculous NESARA or GESARA bullshit either. Get it? Stay away from all this crap. It is an illness that has spread throughout our dinar investment community. It is easy to lie and make up stories but much, much harder to spend the time translating articles and applying them to what is really going on. Yes, we must stay grounded as this RV is coming to a closure and there is not much longer to wait..
