Dr. Murtadha Al-Khafaji, a member of the Iraqi Businessmen Union, stated that the Iraqi private sector has begun a new phase that is different from the previous one, and it has become possible to rely on its capabilities to implement projects.
Al-Khafaji said: The projects implemented by the Iraqi private sector indicate the potential of local effort, which has become comparable to global effort, as local capabilities have been developed during the last decade. He added that Iraqi human resources have gained a lot of experience, through interaction with global expertise, which has worked in more than one economic aspect. He pointed out that national companies must occupy the appropriate place within the local labor market. link
It is now in pretty good opinion that between now and the day after election day, we will be informed about our appointment scheduled, so remain connected for update.
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TEXAS SNAKE
Fri. 25 Oct. 2024 Texas Snake
Bankers are angry. Those in control of releasing the GO button for the Global Currency Reset didn’t give the announcement they were expecting. Especially since the redemption center people had been ready and waiting since 8:00 am.
Customs Announces A Significant Increase In Trebil Port Revenues After Linking It To The ASYCUDA Program
Trebil border crossing between Iraq and Jordan Money and business Economy News – Baghdad The General Authority of Customs confirmed, on Wednesday, that linking the Trebil port to the global ASYCUDA program has reduced cases of smuggling, manipulation and forgery, while indicating a significant increase in the port’s revenues.
The Director of the Trebil Border Customs, Asim Hamid Al-Shawka, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the Trebil port is a commercial and vital port and one of the most important ports in the western region in terms of revenues and exports that pass through it", noting that "it is a link between the Hashemite Kingdom of Jordan and the world through the port of Aqaba."
He added that "the reasons for the increased flow of commercial traffic inside the port are due to the ease of work there and the facilities it provides in accordance with the controls and instructions," noting that "this has made most traders import their goods through the Trebil border port."
Al-Shawka explained that "the movement of travelers from Iraq to Jordan is witnessing large numbers of travelers entering and leaving from Iraqis, Arab tourists and foreigners," indicating that "the credit goes to all the security forces that secured the expressway that connects the port to Anbar Governorate, reaching Baghdad and the rest of the governorates of Iraq."
He continued: "All goods are imported through our center from various global origins, the most important of which are food, agricultural fertilizers, dyes, construction materials, human medicines, veterinary medicines, medical supplies, agricultural materials and cars,"
noting that "our center is distinguished by a transit line for transporting goods from various countries of the world through Iraq to neighboring countries, and various Iraqi products are exported through it to the Hashemite Kingdom of Jordan and the rest of the world, the most important of which are soft drinks, juices, dates, asphalt, furniture and other Iraqi products."
He pointed out that "a crude oil pipeline passes through our center to the Hashemite Kingdom of Jordan, and based on the directives of Prime Minister Mohammed Shia Al-Sudani and Minister of Finance Taif Sami, and under the direct supervision of the Director of the General Authority of Customs Hassan Hamoud, the port was linked to the global ASYCUDA program, which enhanced the reduction of cases of smuggling, manipulation and forgery, and led to a significant increase in revenues over previous years."
He pointed out that "cases of smuggling food items unfit for human consumption were monitored and destroyed, and the smugglers were referred to the judiciary to receive their just punishment," explaining that "this success was achieved through cooperation between the General Authority of Customs, represented by the Trebil Customs Center, and the Border Ports Authority and all supporting departments in terms of the mechanism for exchanging information.
We must not forget the Anbar government, represented by the Anbar Governor and the Chairman of the Provincial Council, with their unlimited support for the Western Region Customs Directorate and the ports affiliated with the Western Region." https://economy-news.net/content.php?id=49310
😊 I saved the best, juiciest article to review for last. Yes, the best for last. It is titled:
“IRAQ SELECTS TEAMS OF EX-US TREASURY DEPARTMENT OFFICIALS TO REFORM BANK, FOLLOWING US PRESSURE CAMPAIGN“. Let’s explore what this news is telling us and why it is so important to us. I quote from the article:
“Chip Poncy and his ex-government colleagues in K2 Integrity’s Washington office have been meeting Iraqi officials to discuss changes to the financial sector. Now they have been tasked with cleaning up Rafidain Bank, which has been at the center of major corruption inquiries over the last year. A high profile assignment won by executives at K2 Integrity to reform Iraq’s scandal-hit Rafidain Bank will be undertaken by a team of former US TreasuryDepartment officials who have been meeting Iraqi financial officials since thesummer, Intelligence Online has learnt.
Chip Poncy, a former director at the Department’s office of Terrorist Financing and Financial Crimes (TFFC), now a partner in K2’s Washington office, met officials from the Iraqi Central Bank during a training event in Dubai on 30 May. A second meeting occured in late August in New York, attended by Ali Mohsen Al-Alaq, the current governor of the Iraqi Central Bank Poncy will be leading on the assignment with Sarah Runge, who was his assistant at the TFFC office between 2012 and 2013. Two other former Department of Treasury executives, including Poncy’s former Harvard college friend Juan Zarate and Danny Glaser, who heads K2’s Washington DC office, will also advise on the assignment, Intelligence Online understands.
An official Iraqi government statement said the company will be working to “enhance banking operations” at Rafidain in order to expand its cross-border correspondent banking relationships. K2 agreed an earlier contract to advise the Central Bank on US dollar transactions in early 2024, according to local reports citing official documents.”
These are the “big guns” coming to Iraq in the final stages prior to the movement of the process to delete the zeros and the reinstatement that will follow. If you read the article you can clearly see the reason why they are in Iraq and what their assignment is. The US Federal Reserve wants the Reinstatement and want it as soon as they can clean up the dollar and to get Iraq off the dollar entirely, except for normal banking practices as with any country dealing in international commerce. Folks, this is huge for the Rafidain bank, the largest of the CBI banks in the country.
We all should be VERY excited about this news. This is the WOW! news for us today.
Ministry Of Justice: Completing The Electronic Documentation System And Canceling The Validity Of Paper Issuances Of Agencies
Buratha News Agency1662024-10-30 The Ministry of Justice announced today, Wednesday, the completion of work on the electronic documentation system and the cancellation of the validity of paper issuances of agencies in all notary public departments in Baghdad and the governorates.
The ministry stated in a statement that "based on the directives of the Minister of Justice, Khaled Shawani, to rely on modern technologies in the work of the judicial departments, and in cooperation with the General Secretariat of the Council of Ministers, the Notary Public Department announced the completion of work on the electronic security code system (QR) for all agencies and in all departments affiliated with it in Baghdad and the governorates."
The ministry quoted the Director General of the Notary Public Department, Youssef Hawiz Khorshid, as saying, "All 178 notary public departments in Baghdad and the governorates have been fully equipped with the requirements for working with the barcode system in order to achieve a complete transition to digitization in the department's work." https://burathanews.com/arabic/news/452191
☹ The rest of the articles stem around rebuilding the economy and what they are doing to help facilitate this. Also there are a couple article about the U.S. and one specifically got my attention.
This one is titled “MP: AMERICA IS WAGING AN ECONOMIC WAR AGAINST IRAQ”.
The representative of the Sadiqoun parliamentary bloc, Rafiq Hashem, accused America of practicing economic warfare against Iraq, stressing that the trend towards Russia and China is the only salvation from American hegemony.
This attitude of the U.S. I find ironic in a way in that the U.S. has a golden opportunity to help rebuild Iraq and prosper from a roaring economy.
So, why don’t they do it? Why still keep trying to suck the life out of them? We as investors have witnessed all the US corruption and even the holding back the Project to Delete the Zeros and the Reinstatement in 2012-2013.
Think of how much better Iraq could be if they had completed the process in 2013, as planned by Dr. Shabibi.
It is said that trillions, not billions, of dollars could have gone to rebuilding Iraq but instead it was stolen, most went to Iran and terrorists. Now with the slow reaction of the US to support the Iraq economy, as we in today’s news, one must come to the conclusion that this hegemony is what the US really wanted all along and take the Iraqi military bases to be used to control their middle eastern policies of endless wars.
Sorry, but I let reality speak for itself. These are useless, endless wars being diabolically orchestrated by the CIA for the military industrial complex and all the secret payoffs in the background. One has to ask – was the 2003 invasion really about weapons of mass destruction and freeing the Iraqi people or more about accomplishing these other objectives?
I think all my readers know the TRUTH now.
So, you see that when I talk about Iraq and how it has to now dig itself out of a hole that was dug by the US you know what I mean. Everyone thought that once they were out of sanctions things would go smoothly and the process to get back their currency and grow their economy would come easy.
Well… here we sit and its already over a year and a half since the “full” release of “all” UN Chapter VII sanctions. So what happened?
Even the UN has said that the UN needs to let go of Iraq now.
Two major steps would be in the freeing up of the revenue collection from the oil sales and abolishing the DFI fund.
They second would be the re-establishment of the Iraqi dinar on the foreign currency exchanges with a fair and nominal rate. Everything else being done is to get Iraq to these two goals.
As investors we must stay focused and not go off half-cocked on all this other nonsense about some global currency reset GCR. Just remember I have been warning all of you about these scams to buy all these other currencies. The only true horse that I am betting on is the Iraqi dinar. The rest are just long shots. Get it? Of course, this is just what I am doing and so you decide what you will do but be prepared to take the consequences too and no complaints and crying over spilt milk later.
Al-Sudani Discusses With The Commander Of The NATO Mission In Iraq Ways Of Cooperation In Light Of The End Of The International Coalition Mission
Wednesday 30 October 2024 18:05 | Politics Number of readings: 125 Baghdad / NINA / Prime Minister and Commander-in-Chief of the Armed Forces Mohammed Shia al-Sudani discussed with the Commander of the NATO Mission in Iraq, Lieutenant General Lukas Schweizers, ways of cooperation in light of the end of the international coalition mission.
The Prime Minister's media office said in a statement: "Al-Sudani met today with the Commander of the NATO Mission in Iraq. During the meeting, ways of security and military cooperation between Iraq and the alliance countries were discussed, in light of the end of the mission of the international coalition to fight ISIS in Iraq."
Al-Sudani was briefed on the outcomes of the high-level meeting between Iraq and the alliance, which was held in Brussels last August, and directed the formation of a joint committee between the two sides, headed by the Iraqi side by the National Security Advisor, to discuss all frameworks of cooperation.
The Prime Minister stressed Iraq's desire to move to bilateral cooperation with the alliance countries that participated in the international coalition, and to enhance the areas of training and joint advice with the Iraqi armed forces, especially after the Iraqi forces have acquired advanced levels of technical and field effectiveness.
Al-Sudani also touched on the developments in the security situation in the region, with the continued Zionist aggression on Gaza and Lebanon, its threat to regional peace, and its attempts to expand the conflict, reiterating the importance of international and UN organizations and major countries assuming their roles and responsibilities towards stopping the aggression and preventing the genocide of the steadfast Palestinian people. / https://ninanews.com/Website/News/Details?key=1165272
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: Happy Halloween everyone
Member: We have had enough tricks…..let’s see some RV treats!
Member: Bankers in Iraq have opened exchange centers. To exchange cash dinar for electronic dinar.
MZ: There are some pure gold articles out of Iraq today…even the selection for speaker of the house is supposed to happen today.
Member: I heard that session started at 1pm Iraq time
MZ: “ Hours before the session Sovereignty settles his position and “satisfied” Mushadanl as speaker of Parliament” there is a few more rubber stamps to finish…..but we have a new speaker of parliament that has been agreed too. This is a big development in Iraq .
MZ: “The Governor of the Central Bank reveals important figures on Iraq’s economy and foreign reserves” They go into how much currency in circulation today and how much before it was devalued .. Revenues are up massively and they can afford an increase in the valuation. Their financial position is beyond strong. This is a fantastic article and MilitiaMan did a good video on it this morning.
MZ: “Calls for establishment of a digital gold market in Iraq” ….another big one. They can convert gold to digital……there is a physical amount representing it….but you can exchange for bullion if you want…..Part of the I-dinar in Iraq. I am excited….They are headed for
Member: Other intel people think it’s happening any minute now.
MZ: Bond are starting to see some excitement again.
Member: I hope bonds are getting paid and not just punted to next week again
MZ: Some really cool bond paperwork hitting bond holders yesterday. My big whale that was supposedly fully liquid yesterday is still MIA. Most of my contacts are still expecting their payments between the 2nd and 9th of Nov.
MZ: But, a number of facilitators are hearing they could get their 1% payment before the 2nd. I am very excited about the news overnight and early this morning.
Member: Do we need to wait until all new rules and regulations that Goldilocks mentioned are passed and become a law?
Member: What does your gut say Mark?
MZ: I sure hope I’m right this time – but my gut is screaming that under the distraction of this election that the whole world is watching- they are going to pull the trigger…..That’s what my gut is saying…
Meber: Remember Sunday Nov 3rd to turn your clocks back one hour. An extra hour of sleep…woohoo
Member: Happy Halloween and may all the kids have a safe & good time tonight
Member: Wishing you all the greatest of hopes and fulfilled blessings
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
Monetary Policy Price And Reactivation Of Securities
October 30, 2024 Based on monetary policy trends to enhance access to targeted inflation rates in a way that does not conflict with expected economic growth rates, and is consistent with the policy of developing deposits and increasing credit ratios aimed at targeting projects, relying thus on following the approach based on data obtained from the banking sector ..
DATE: 30/10/2024 (Population Census... the Pillar of Development) Exchange Companies for the Art (4)
M/ Opening Branches M/ Monetary policy rate and reactivation of securities
Based on the monetary policy orientations in enhancing access to targeted inflation rates in a manner that does not conflict with the expected economic growth rates, and is consistent with the policy of developing deposits and increasing credit ratios aimed at targeting projects, relying on the approach based on data obtained from the banking sector, the Board of Directors of this bank decided the following:-
1. Reducing the monetary policy rate to be (5.5%) instead of (7.5%).
2. Reactivating securities (Islamic certificates of deposit; traditional transfers) according to an annual plan and with two terms: A. Term (14) days with a return of (4%). B. Term (182) days with a return of (5.5%).
3. The maximum investment limit shall not exceed (50%) percent of the total private sector deposits at the bank, which are sent to the Open Market Operations Office via the weekly liquidity management form within the system (BSRS), where data received two weeks before the auction implementation date will be approved. In case the bank exceeds the percentage set above, it will be deprived of the auction return.
4. The bank's investment ceiling in a single auction shall not exceed (500) billion dinars.
5. For further inquiries, you may contact the office via e-mail (omo.office@cbi.iq).
With appreciation. Attachments:- - Auction issuance plan for (14) days. - Auction issuance plan for (182) days.
Things have started in certain places. Some Bond Holders have already got notifications with appointments on Monday. Some Bond Holders already have notifications for tomorrow.
Tier4b (us, the Internet Group) should be getting notifications for the currencies today Wed. 30 Oct, from 6 pm RENO time onwards.
All needs to be done before the e******n.
They say there may not be an e******n due to the Brunson case coming to light, and SCOTUS will make a decision.
I have been assured all is ready to go
I received this info from Brazil Tues. 29 Oct. 2024: Tier4B internet group is officially active. It is a great honor to announce the Launch of the Tier4B internet Group. The use and unification under Tier4 ensure that all systems are flawless.
We are waiting for the determination of the Wells Fargo National Bank Association, which is the guardian of these resources. Miguel Ribeiro is one of these people. The release of funds by the BC, requires authorization determination by Wells Fargo Bank which can happen at any time. The authorization has already arrived since 4 pm and all good to go from tomorrow (October 30, 2024).
I received a call from a close friend of mine and things are moving on his side,and hopefully, we will get 4B notifications.
Continuing Talks Between The Kurdistan Regional Government And The Federal Government To Resolve Outstanding Issues
Kurdistan Region President Nechirvan Barzani discussed on Wednesday morning with Iraqi Parliament member and head of the Azm Alliance parliamentary bloc, Muthanna al-Samarrai, the general situation in the country, in addition to the Kurdistan Parliament elections and relations between Erbil and Baghdad, as well as the upcoming general elections in Iraq.
During the meeting, al-Samarrai congratulated President Barzani on the success of the Kurdistan Parliament elections, according to a statement issued by the presidency of the region.
During the meeting, both sides praised the ongoing talks between the Kurdistan Regional Government and the federal government to resolve outstanding issues, as they agreed that addressing these issues benefits Iraq as a whole and enhances the country's stability.
In another context, the risks resulting from the complex situation in the Middle East region were discussed, as they stressed the need for Iraq not to get involved in regional conflicts and disputes, and to work to spare the country their repercussions. https://www.radionawa.com/all-detail.aspx?jimare=40009
I was recently asked what rate will the new rate be for the Iraqi dinar after the RV.
I explained unless you are on the decision making board for the U.S. Treasury, CBI, and the Iraqi government then it is pointless trying to figure that out.
The new rate for the Iraqi dinar will be calculated so Iraq's economy can thrive in the region and globally once the nation goes international.
Prime Minister Mohammed Shia al-Sudani discussed today, Sunday, with Oil Minister Hayan Abdul-Ghani al-Sawad the government's previous plans for the growth of the oil and gas sectors.
The Prime Minister's Media Office stated in a statement, a copy of which was received by NRT Arabic, that "Al-Sudani received today the Minister of Oil, Hayan Abdul-Ghani Al-Sawad, in the presence of the Undersecretary of the Ministry of Oil for Distribution Affairs."
He added that "Al-Sudani referred, during the meeting, to the government's previous plans for the growth of the oil and gas sectors, and the development of their projects within the government program, through the licensing rounds in which contracts were signed to invest in many oil and gas fields, in addition to investing in associated gas projects, and oil derivatives production projects."
Regarding cooperation with the OPEC Plus group, the meeting emphasized “the importance of partnership with oil-producing countries, with the aim of maintaining the stability and balance of global oil markets, and Iraq’s commitment to what was agreed upon within the group, including voluntary cuts and compensation for the increase in production, according to the updated schedule submitted by the Ministry of Oil to OPEC.”
