Frank26
Question: "Are those that are in control of the monetary reform waiting for Donald Trump to become the president?"
IMO Iraq is waiting for Donald Trump...
Iraq simply wants peace. They simply want security and stability for their reforms...
Trump IMO will protect the American dollar and in doing so Iraq's exchange rate is going to explode in the float and in the process...
Economy News – Baghdad
The Ministry of Finance confirmed on Saturday the continuation of its efforts to implement automation plans, digital transformation and the use of modern electronic systems.
A statement of finance, seen by “Economy News”, stated that “Minister Taif Sami chaired the periodic meeting of the Opinion Body, in the presence of the Undersecretary of the Ministry and the Directors General in the departments, banks, bodies and affiliated companies.”
He explained that “the meeting discussed a number of topics included in the agenda, including reviewing the recommendations of the committees formed by the opinion committee for previous sessions, determining the stages of progress and completion rates, as well as discussing the proposed amendments in order to develop the performance of the ministry and adapt it to the requirements and vision of modern financial management witnessed by the finance and business sector.
The statement continued, “The meeting stressed the implementation of the recommendations of the Council of Ministers, and the emphasis on continuing tireless efforts and providing capabilities within the framework of the government program to develop banking financial performance, and the implementation of financial and strategic plans, including automation and digital transformation, and the use of modern electronic systems and the promotion of the reality of work, to provide optimal services to citizens.
Bruce
[via WiserNow]
...our rate should be better at the redemption center...
dinar and Dong and I know they're gonna be a lot better on dinar especially because we know there's a contract rate on Dinar that will be offered to us that is extremely high...
Okay, not at the bank but at the redemption centers. Just so you know.
After the decision to cancel the platform.. Will we witness a crazy rise in dollar prices in Iraq?
In a move that has attracted the attention of economic and financial circles, the Governor of the Central Bank, Ali Al-Alaq, announced the bank’s intention to cancel the electronic platform for financial transfers early next year.
This decision comes as part of a series of reforms aimed at facilitating financial procedures and stimulating the economy, but at the same time it raises questions about its potential impact on the stability of the dinar exchange rate.IraqibeforeDollarAmerican.
The concept of the electronic platform and its role in currency stability
The electronic money transfer platform is a mechanism adopted to ensure the regulation of foreign money transfers and to limit manipulation of exchange rates.
The platform documents commercial transactions and money transfers by banks and financial companies, ensuring more effective control over hard currency flows in and out of the country.
This platform has greatly contributed to narrowing the gap between the exchange rate.OfficialAnd priceThe marketBlack, where it prevented many money laundering and smuggling operations.
However, with the decision to cancel this platform, questions are raised about how it will be regulated.The marketAnd transfer management.
The impact of deplatforming on the priceDollar
1. Increased demand forDollarinThe marketBlack, with the absence of an electronic platform, the demand for it may increase.DollarinThe marketBlack money is the result of the absence of control mechanisms, which leads to higher exchange rates outside official channels.
2. Weak confidence in the dinar, as cancelling the platform may weaken confidence in the Iraqi dinar, especially if effective alternatives are not put in place to ensure stability.The marketLack of confidence means that citizens and investors are likely to withdraw their money in dinars and transfer it toDollarAs a safe haven.
3. The impact of smuggling and money laundering, as cancelling the platform could cancel strict control over smuggling operations.DollarSmuggling and money laundering practices may expand, increasing demand forDollarSignificantly and affects the central bank's reserves.
4. AccreditationThe marketOn supply and demand, with the platform being cancelled, the currency market may become more affected by direct supply and demand. This may lead to extreme fluctuations in the exchange rate, especially in unstable economic and political conditions.
Chances of facing a riseDollar
1. Activating alternative control tools
The government and the central bank can rely on other supervisory tools such as strengthening the role of local banks and imposing strict restrictions on foreign transfers.
2. Increase reserves ofDollar
The Central Bank may resort to pumping more dollars intoThe marketTo meet demand and maintain price stability.
3. Promoting local investments
By encouraging investment and reducing dependence on foreign currencies, pressure onDollarAnd strengthen the dinar.
4. Cooperation with international organizations
The government may cooperate with international institutions such as the International Monetary Fund and the World Bank to develop economic plans that contribute to stability.The market.
The decision to cancel the electronic platform for money transfers represents a major challenge to the Iraqi economy, and may have direct effects on the exchange rate.DollarIn front of the dinar. To achieve economic stability in the next phase, it will be necessary to take proactive measures to compensate for the absence of the platform and ensure the continuity of supervision overThe marketFinancial.
The balance between facilitating economic procedures and protecting the national currency will be the decisive factor in determining the success of this decision and its effects on citizens and investors.
The Governor of the Central Bank, Ali Al-Alaq, confirmed in a statement to the official agency, which was followed by:Sumerian“Next year, we will launch a new approach to expand and enhance citizens’ remittances for various purposes, such as travel, treatment, or any legitimate remittances abroad, just as we did for commercial remittances,” he said, noting that “there are also agreements currently in place with relevant companies such as Visa, Mastercard, MoneyGram, Western Union, to establish a new framework for implementing these operations, which will constitute another shift in controlling these operations.”
Al-Alaq added, "Next year or the beginning of next year 2025 will witness the completion of the current procedures, and we seek to provide reassurance, especially with some people's questions about the fate of transfers after the completion of the electronic platform at the end of this year 2024."
“There is no sudden transition, but rather a gradual transition that began in 2024, where the banks’ relationship was transferred directly to correspondent banks without passing through other links, and the process has been completed with continued success,” he continued, stressing that “more than 95% of this goal has been achieved, and this process will be completed successfully within the next two weeks,” noting that “there is international anticipation to celebrate this occasion.” link
DINAR REVALUATION IRAQ UPDATE!!
Iraq’s recent census and economic developments signal potential growth for the Dinar, with hints at revaluation and new opportunities for investors.
Prime Minister: Iraq is ready to cooperate with major companies to develop its military and security system
Prime Minister Mohammed Shia Al-Sudani confirmed today, Friday, that Iraq is ready to cooperate with major companies to develop its military and security system.
The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA): "Prime Minister Mohammed Shia al-Sudani received at his residence in the capital Madrid today, representatives of three major Spanish companies specialized in the military and security field, namely (rheilmetall expal), (Indra) and (Airbus), each separately."
Al-Sudani stressed that "Iraq is today ready to cooperate with major companies to develop its military and security system, stressing the existence of many opportunities for joint work between companies and the Military Industrialization Authority."
The Prime Minister stressed Iraq's need to diversify sources of armament, which the government has worked on as part of a comprehensive plan to raise the efficiency and readiness of the security forces, and enhance the country's ability to face internal and external challenges. link
MZ: A number of my sources that are involved with groups and historic bonds are now back in place and prepared (according to them) for a very eventful two weeks. They expect to be very busy over the next two weeks. This probably means things are starting soon. I have to agree with them.
Member; those poor bond folks……let’s hope it’s true this time!!!
MZ: This is coming from group leaders and bond facilitators……
Minister of Commerce sets date for opening shopping malls
Minister of Commerce, Athir Dawood Al-Ghariri, announced on Thursday the opening date of hypermarkets at the beginning of next year, while indicating that the prices of goods and food items will be competitive and 20 to 30 percent lower than the market.
Al-Ghariri said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "there will be major measures during the next two months to create real competition, as the shopping complexes have revived the central markets previously through (hypermarkets) by selling food and all goods at competitive cooperative prices that are 20 to 30 percent lower than the market."
He said, "The shopping malls will be opened on 1/1 of next year, as we will enter a new year of great achievements."
Al-Ghariri added, "The citizen can go to the existing shopping malls, as they are cheaper than the market at the official price," noting that "the supervisory and security agencies will hold accountable violators and weak-willed people who manipulate the prices of goods and food items." link
DINAR REVALUATION REPORT : THE MULTIPLE TRANSFORMATIVE EFFORTS OF IRAQ DURING THIS 2024 YEAR
Highlights of Iraq's significant progress and the promising future of its economy, driven by multiple transformative efforts. Here's a breakdown of the key elements:
Modernization of the Banking Sector: The adoption of electronic payment systems is key to boosting financial inclusion, efficiency, and access to financial services across the country. This is an essential step toward integrating Iraq into the global digital economy.
Introduction of Indexed Bonds: By launching these bonds, Iraq can attract domestic and international investment, providing the government with additional financial resources while potentially stabilizing the national currency and controlling inflation.
Economic Diversification: Iraq is taking steps to reduce its reliance on oil by exploring new sectors such as agriculture, manufacturing, and tourism. This diversification strategy can help cushion the economy against global oil price volatility and create sustainable long-term growth.
Infrastructure Development : The focus on upgrading transportation and energy networks is crucial for improving internal connectivity and facilitating trade. Well-developed infrastructure also supports economic activities across sectors and boosts competitiveness.
Increase in Gold Reserves: By bolstering its gold reserves, the Central Bank of Iraq is enhancing the country's financial stability. This not only reassures investors but also strengthens the country's monetary position against global financial uncertainties.
Anti-Corruption Efforts: A reduction in corruption and improved transparency are vital for creating a more favorable business environment, attracting foreign investment, and fostering long-term economic growth.
Together, these initiatives position Iraq on a path toward a more diversified, resilient, and prosperous economy, marking the beginning of what could indeed be a "golden era" of development. These changes signal that Iraq is actively working to transform its economic landscape, addressing challenges, and seizing new opportunities for growth and stability.
Weekend News With MarkZ
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
MZ: The last day of the month and we start with Matt and Lucas for the first 45 minutes, then dive into the news of the day
MZ: A number of my sources that are involved with groups and historic bonds are now back in place and prepared (according to them) for a very eventful two weeks. They expect to be very busy over the next two weeks. This probably means things are starting soon. I have to agree with them.
Member; those poor bond folks……let’s hope it’s true this time!!!
MZ: This is coming from group leaders and bond facilitators……
MZ: Iraq is preparing to vote on a number of very “Key” laws…tomorrow at 1 pm their time….. New budget tables going to parliament on Sunday or Monday so they can settle the HCL. Things are looking good.
MZ: “Parliament is likely to pass Personal Status Law during Sunday’s Session” This is one of the controversial laws they need to finish up. This along with the HCL are some of the last changes they wanted for their economic reforms or “White Papers” . In those reforms are Raising the value of the dinar !
Member: So basically before the 10th is looking good
MZ: “ Nearly 3 billion dinars recovered from the “Theft of the Century” in Diyala. “ and “In 5 days Central Bank of Iraq sales are one billion dollars.” They sold one billion in USD and bought Iraqi dinars. These are big stories. They have been very clear they are ending these auction this calendar year….2024.
MZ: “Warning against canceling the electronic platform –It may end the banking system in Iraq” A number of contacts have said that the only way this doesn’t hurt the banking system is IF THEY HAVE A HIGHER VALUE FOR THE DINAR! That would fix their problems.
MZ: “Dollar falls against dong” the Vietnamese dong is rising. Many currencies are rising against the dollar in the last few days…including the Indonisian Rupiah and the Venezuelan bolivar. .
Member: Lynette Zang said last week that the US fiat dollar is only worth about .3 cents now.
Member: Mark- are you seeing $3.90 as a rate for the dong?
MZ: We have seen as high as $3.90…and as low as .39 cents. We don’t know for certain what the rate is going to be. These are from banking contacts who told me what they are seeing fluctuating on bank screens
Member: if I could exchange at .39 on dong right now would awesome
Member: I heard $4.22 Dinar, $2.57 Dong, and $.83 Bolivar. Not my numbers and not verified. Just what I heard.
Member: Hope its true
Member: To keep my sanity I expect a lower rate and be pleasantly ecstatic if higher.
Member: is Iraq now international?
MZ: They are just waiting for the last few restrictions to be removed- this will happen at the same time the value of the dinar is increased.
Member: Mark, I’ve been in this since 2012 and I’ve never seen so much coming out positively confirming this RV being a reality. They just keep turning up the heat the closer that we get to 2025.
Member: I wanted to tell yal my debits, including over 80 thousand (interest was compounded daily on original 15 grand) my credit check showed 0 on past debts!) NESARA?
Member: It has been a wild and crazy ride~ It's an exciting time to be alive!
Member: Have a wonderful afternoon and weekend everyone……
Member: Thank you Mark and Mods... have a great weekend, friends. Much love and positive vibes sent to you all. We are all ready as ready can be.
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
Jon Dowling
Green means go!
Watch XRP get to $10–15 next in no time. We’re practically in December now.
Watch what Iraq does over the next two weeks and China Taiwan is really heating up!
A December to remember!📈🙏🙏🙏
Iraq’s Property Restitution Law sparks Sunni-Shia-Kurd disputes over Kirkuk and beyond
Shafaq News/ Political disputes have erupted in Iraq’s parliament over the proposed Property Restitution Law, aimed at returning confiscated properties to their original owners. The legislation has divided Sunni, Shia, and Kurdish representatives, with disagreements centering on the scope and regional applicability of the law.
Arif Al-Hamami, a member of the Parliamentary Legal Committee, told Shafaq News Agency on Saturday, “There is political discord over the law, particularly regarding properties in Kirkuk. Sunni blocs have refused to vote on it in Sunday’s session, while Shia forces argue that its provisions should extend to all Iraqi provinces, not just Kirkuk.”
Al-Hamami explained that during the previous regime, residential, commercial, and agricultural properties were confiscated and redistributed across the country, not limited to Kirkuk.
Kirkuk at the Center of Debate
The law has gained significant support from Kurdish lawmakers, who emphasize its importance in returning properties confiscated under the Revolutionary Command Council's decisions between 1975 and 1979. These decisions, they argue, were part of efforts to alter the demographic makeup of disputed areas, disproportionately affecting Kurdish and Turkmen communities.
In contrast, Sunni parliamentary blocs oppose the bill, claiming it disproportionately focuses on Kurdish interests in Kirkuk while neglecting other regions affected by property confiscations.
Legislative Logjam
The Property Restitution Law is not the only contentious issue on the parliamentary agenda. The Council of Representatives is set to vote on multiple bills, including amendments to the Personal Status Law and the General Amnesty Law.
The Personal Status Law has sparked heated debates over issues such as marriage, divorce, inheritance, and child custody, drawing mixed reactions from parliamentarians and civil society organizations. Critics warn that the proposed amendments could undermine protections for women and children.
Meanwhile, Sunni forces continue to push for the General Amnesty Law, which would enable the release of detainees accused of terrorism. Shia blocs have voiced strong opposition, citing concerns that it could lead to the release of individuals involved in violent activities.
JULIAN ASSANGE
Masters of the GCR/RV: The Financial Revolution Unfolding!
The Global Currency Reset (GCR) and Revaluation (RV) are not just financial terms—they represent a profound shift in the global economy. Exotic currencies like the Zimbabwe Dollar, Iraqi Dinar, and Vietnamese Dong, once dismissed, now stand at the center of this seismic transformation. Coupled with the Quantum Financial System (QFS) and the groundbreaking NESARA GESARA Act, these forces are dismantling the corrupt financial structures of the past and ushering in a new Golden Age.
Zimbabwe Dollar: Rising from the Ashes
Once a symbol of economic collapse, the Zimbabwe Dollar (ZWL) is poised for resurgence. Backed by vast natural resources, including gold and diamonds, its revaluation could redefine wealth distribution globally.
Iraqi Dinar: A Powerhouse in Waiting
The Iraqi Dinar (IQD), suppressed by decades of conflict, is ready for a comeback. Iraq’s immense oil reserves position the Dinar for a historic rise, turning its holders into potential beneficiaries of immense wealth.
Vietnamese Dong: The Silent Contender
The Vietnamese Dong (VND) may be undervalued today, but Vietnam’s booming economy and strategic global role make this currency a sleeper hit in the GCR.
The Quantum Financial System (QFS): A Game-Changer
The QFS is not just a financial system—it’s a technological revolution. Designed to eliminate corruption and provide transparency, it promises security and fairness. XRP and XLM, digital assets tied to this system, are set to replace outdated financial instruments, making them prime opportunities for savvy investors.
NESARA GESARA: A Blueprint for Global Equity
This monumental reform package aims to forgive debts, redistribute wealth, and establish a gold-backed currency system. With mandates for humanitarian projects, it’s not just about money—it’s about building a better world.
Tier 4B: The Informed Few vs. Tier 5: The Oblivious Masses
The informed Tier 4B, aware of these shifts, stands ready to benefit. In contrast, Tier 5, tethered to outdated systems, remains blind to the change. This is an Information War, and knowledge is your most valuable asset.
The Time to Act Is Now!
The GCR/RV isn’t speculation—it’s happening now. The future belongs to those prepared to seize the moment. Will you rise to the occasion, or will you be left behind? The choice is yours.
Highlights Summary In this video from Goldilocks Global Banking News, host Freedom Fighter discusses the current state of the Iraqi dinar an...