Reno has given the green light. Tier 3 bondholders were being paid.
Over the past weekend, Iraq hosted delegates from 140 nations to celebrate the Iraqi legislature's approval of a dinar VR to go international on Tuesday, December 17, 2024, and pay two months of payroll arrears in the new dinar rate, especially in Kurdistan.
Iraq was expected to go international on Tuesday, December 17, 2024. The Ripple USD stablecoin (RLUSD) launches on Tuesday, December 17, 2024.
Tier4b (we, the Internet Group) was on high alert to receive a notification to set appointments.
TRANSLATE IN SPANISH
LA ERA DORADA
Reno ha dado luz verde. Se estaba pagando a los tenedores de bonos de nivel 3.
Durante el último fin de semana, Irak recibió a delegados de 140 naciones para celebrar la aprobación por parte de la legislatura iraquí de una RV del dinar para que sea internacional el Martes 17 de Diciembre de 2024 y pagar dos meses de nóminas atrasadas en la nueva tasa del dinar, especialmente en Kurdistán.
Se esperaba que Irak se volviera internacional el Martes 17 de Diciembre de 2024. La moneda estable Ripple USD (RLUSD) se lanza el Martes 17 de Diciembre de 2024.
Tier4b (nosotros, el Grupo de Internet) estaba en alerta máxima para recibir una notificación para fijar citas.
PARLIAMENTARY COMMITTEE: GOVERNMENT WORKING TO REDUCE GAP BETWEEN PARALLEL AND OFFICIAL EXCHANGE RATE TO ACHIEVE STABILITY
The Parliamentary Finance Committee explained, on Monday, that the government is working to reduce the gap between the parallel and official exchange rates to achieve stability, while indicating that the Iraqi economy will not be affected by the deteriorating conditions in Syria .
Committee member Moeen Al-Kazemi said in a statement followed by “Mil”, “The government and the Central Bank have taken several important measures to confront the security and economic challenges in the country, especially in light of the deteriorating conditions in Syria .”
Al-Kadhimi continued, “The situation in Syria does not affect the Iraqi economy or the dollar exchange rate in the local market .”
He added that “the dollar exchange rate in the parallel market is currently stable, noting that the government is working to reduce the gap between the parallel exchange rate and the official rate to achieve greater economic stability .”
Currency markets are witnessing significant changes with the “sudden” rise in the value of the Syrian pound against the Iraqi dinar .
CENTRAL BANK GOVERNOR: OPENING EXTERNAL CHANNELS WITH FOREIGN CURRENCIES ELIMINATES THE BLACK MARKET
Central Bank Governor Ali Al-Alaq confirmed on Thursday that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market.
The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said in a statement, which was reviewed by “Al-Eqtisad News”, that “the governor of the Central Bank visited the Trade Bank of Iraq and appreciated the bank’s efforts to expand its customer base of importing merchants and the procedures to facilitate their transactions in a way that contributes to achieving stability in the exchange market
.”
According to the statement, the governor of the Central Bank stressed “the need to make efforts to achieve fluidity and provide the best banking services to the bank’s customers.”
The governor pointed out that “the Central Bank’s continued opening of multiple external channels in foreign and Arab currencies achieves continuous stability in the exchange rate and gradually eliminates the black market.”
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 Hump day ……Good Morning everyone
Member: RV there yet?
Member: If it happened today- we would still have time to exchange before Christmas.
MZ: Much of Europe goes into a banking vacation this Friday and won’t come back until the first of next year. They need to make things happen.
Member: Imo, unlikely to happen now this year. As you say, we in Europe shut down from Friday until new year.
Member: If Iraq goes alone……that could be our only hope for this year
Member: Jan. !st is logical for a reset…..just saying. Everyone in the world starts a new year then.
Member: if Europe banks shut down on Fri. Will there be no RV until late Jan now?
MZ: Not necessarily. We have been told for years that trusts are easier to open at Christmas and Easter. Specifically the St. Germaine Trust. We know the one day the entire world’s banking system shuts down for one full day. That is Christmas Day. That would be a convenient time to pull this off.
MZ: Some Bankers do take off just before Christmas and don’t come back to work until the new year. So if it happens do they call them back in? I am told there is no restriction on “when”
Member: They are definitely Running out the CLOCK
Member: If Banking execs are on vacation…..banks are still open right? So why do we need the big wigs to exchange…..IMO we don’t.
Member: If the Reset happens Christmas day….maybe we use that week before New Years to set appointments for after Jan 1???
Mod: NO ONE KNOWS EXACT TIMING OR EXACTLY WHAT WILL HAPPEN. TAKE EVERYTHING WITH A GRAIN OF SALT
Member: What about the off book funds that moved to M1 and M2 last week?
MZ: It has been fun seeing money move from MO (off books) to M1 and M2. Now are they going to use to pay all of those historic bonds? They are position it for something- but what?
Member: it makes more sense to wait this late in the year to Jan 1. As Dr Shabibi said start of quarter or start of year
Member: Idaho Credit Union ICCU has started a foreign currency exchange account for buying and selling foreign currency.
Member: I read this morning the $$ 1929 crash started on Thursday , ended on Tuesday . Dec. 24th- rumor?
Member: there is an article about a tax law that was passed two weeks ago that says they will tax foreign currency as of Jan 1st.
Member: Maybe Trump will repeal that law when he gets into office?
Member: I am losing hope.
MZ: do not lose hope…it’s just timing…..but it is inevitable. The world is going to reset. And that is an absolute fact….just a question of when
MZ: “Controversial laws will be passed by political consensus before the end of the current parliament session” they are letting us know that whatever it takes they will get this done.
MZ: “Article 140 Committee: Agreements for the resolution of agricultural land in Kirkuk” (HCL) they are talking about how to share profits for these regions. This is exciting how they are talking about settling HCL.
MZ: “Prepare: Exchange rate on a date with a new high –the dollar selling platform will stop and the shock is coming” I love this one. If they increase the rate of the dinar and remove the restrictions….their problems are over. They need to figure this out- have an answer in the next 13 days.
MZ: Bond side is pretty quiet. Nothing on CMKX.
MZ: I did speak with a redemption center/redeeming bank contact who said they are expecting to work this weekend. This was surprising……. He did not know if they are doing “year-end” stuff or something else. They were asked to bring laptops for some reason. Maybe some kind of training and they will be calling clients for wealth management or will it be redemption related? They do not know.
MZ: Remember that redemption centers/redeeming banks are part of existing banks….and many people trained for our exchanges/redemptions work for those banks in Wealth management already. My contacts are trained by banks to exchange foreign currencies and they work in wealth management for the bank.
Member: Folks Hang Tough....Don't give up on your positive attitude.. Evil wants you to give up on your blessing
Member: praying we will all have a Happy New Year.
Member: Mark, Thank you for all the time and energy that you put into this.
Member: Enjoy your day everyone and be blessed this holiday season.
Antoine: The Situation In Syria Greatly Affects The Iraqi Economy
Information / Baghdad.. Economic expert Basem Antoine confirmed today, Wednesday, that the situation in Syria greatly affects the Iraqi and Syrian economies.
Antoine said in an interview with Al-Maalouma Agency that "the current situation in Syria has a direct impact on Iraq, especially since Iraq represents a vital market for Syrian industries."
He explained that "despite Iraq's ability to search for alternatives, Syria will suffer greatly, with the possibility of many factories shutting down as a result of the absence of markets to sell their goods, in light of the Syrian people's fear of the ongoing process of change."
He added, "Some people downplay the impact of the Syrian situation on Iraq, but the reality indicates a profound impact due to the common border that extends for about 650 kilometers between the two countries."
He pointed out that "the displaced Syrians in Iraq can return to their country to form an important workforce, which may restore activity to the Syrian market and ease Iraq's economic burdens, but it requires accurate studies to avoid the repercussions of the crisis on both countries."
He explained that "what is happening in Syria is not just a political conflict, but rather part of an economic war targeting the industrial and productive center of gravity that Syria represents in the region, which further complicates the economic situation in both countries." LINK
Al-Sudani's Advisor: Iraq Will Soon Go From Debtor To Creditor - "Only 9 Billion Foreign Dollars Left"
Mazhar Mohammed Salih, the financial advisor to the Prime Minister, announced that Iraq has emerged from the dangers of foreign debts, and has gotten rid of this burden for the first time, indicating that the remaining debts to international parties constitute only less than 9 billion dollars and will be paid until 2028.
Iraq within safe range to pay off $20 billion in foreign debt - Financial Advisor
Saleh explained in a statement to the official newspaper, which was followed by the 964 network , that “Iraq, after getting rid of the heavy burden of its debts, has transformed from a country indebted to others to a country that can be a creditor to others,” noting that the country is called the “young creditor” because it possesses a degree of youth in the economic aspect, which raised its credit rating, despite the problems of the region.
He added that "Iraq has gotten rid of the burden of foreign debts for the first time, which had shackled it economically," noting that "what remains of its debts to international parties constitutes only less than 9 billion dollars that will be paid between now and the year 2028."
He stressed that "Al-Sudani placed reforming the country's financial system among the priorities of the government program, which resulted in achieving important steps during the past two years."
He explained that “debts are paid off through allocations in the federal general budget,” noting that “the ratio of debt to GDP does not constitute a burden on the state, as it amounts to an estimated 5 percent of GDP.”
He considered Iraq “a well-fortified country, in terms of external debt, and that it is outside the risks of external debt, which gives the country high credit at the present time,” noting that “internal debts are confined within the government banking system.” https://964media.com/487617/
On Mon. 16 Dec. 2024 at 9am Iraqi time Iraq paid it’s contractors at the new Iraqi in-country rate of just under $8.00 and dated the payments back to Aug.
Last weekend 158 countries paid a visit to Iraq and began celebrating the Global Currency Reset.
As of Tues. 17 Dec. 2024 Banking Systems were beginning to process the new gold/ asset-backed US Treasury Note (USTN).
The new gold/asset-backed USTN is now in all banks and Redemption Centers.
XRP is crypto currency and allows the USTN to be live. If you hold XRP you can sell it at your Redemption Center appointment.
On Tues. 17 Dec. 2024 at 8 am EST emails went out to all banks and Redemption Centers explaining the timing of Tier4b exchange appointments.
Tier4b (us, the Internet Group) email notification to set appointments will go out from Wells Fargo overnight tonight or tomorrow Wed. 18 Dec. 2024.
The fiat US Dollar will be phased out within the next three months, or by the end of March 2025.
Social Security Contact: The R&R payments and Social Security increases will begin in Jan. 2025.
R&R restitution payments will be paid out as follows: ages 30-45 three years or 36 payments; ages 45-60 two years or 24 payments; ages 60 plus one lump sum payment. These payments are restitution for monies paid to the C***l such as taxes paid, state and federal; interest paid on credit cards and bank loans, and for the C***l trading our birth, d***h, marriage and divorce certificates.
Industrial Fraud Threatens The Local Economy And Undermines National Industries
Published on: December 18, 2024: Al-Mada/Follow-up Regulating the control of goods is an essential step to support local factories and limit excessive imports, which contributes to strengthening the national economy and its ability to withstand and grow. However, the phenomenon of industrial fraud represents a major challenge facing the Iraqi industrial sector, as it negatively affects the reputation of local products and undermines efforts to increase local production.
Industrial Fraud And Its Consequences
Counterfeit products are increasingly prevalent in local markets, where low-cost goods are imported from neighboring countries and then repackaged and sold as local products. These goods are often of lower quality, eroding consumer confidence and causing significant damage to national industries.
Mohammed Hassan Jabr, a local shop owner, explained that the weak production capacity of Iraqi factories is pushing many traders to import counterfeit goods. He added that this embarrasses traders in front of customers who notice a clear difference in price and quality.
For his part, economic expert Mustafa Akram confirmed that industrial fraud appears largely in products such as cigarettes, chicken, and table eggs, where imported products are repackaged to appear as Iraqi. He pointed out that these practices lead to the deterioration of the local market and increased reliance on imports instead of enhancing local production.
Legal And Regulatory Challenges
Despite the existence of Consumer Protection Law No. 1 of 2010, its implementation faces major challenges, according to legal expert Jamal Al-Asadi.
Al-Asadi explained that the penalties imposed on industrial fraud, such as imprisonment and financial fines, are difficult to implement due to the lack of effective oversight in the markets.
Recommendations To Combat Industrial Fraud
To address this phenomenon, Hussein Abbas, from the Economic Crime Directorate, recommended taking firm measures, including:
1. Strengthening oversight: Increasing cooperation between relevant ministries to ensure the application of Iraqi specifications to local and imported products.
2. Reissuing import licenses: Imposing strict control over all imported goods by issuing new import licenses.
3. Activating border testing laboratories: Approving testing laboratories at border crossings to ensure the quality of imported products.
4. Implementing a goods tracking system: Adopting a goods tracking system to ensure their compliance with standards.
5. Organizing follow-up teams: Forming field teams to reduce market manipulation and control violations.
The phenomenon of industrial fraud poses a major challenge to the Iraqi economy, as it negatively affects the confidence of consumers and local industries. While oversight and enforcement of laws are essential tools to combat this phenomenon, current efforts need to be intensified and coordinated more among the relevant authorities to ensure the provision of high-quality products that enhance the status of national industries. Source: Agencies https://almadapaper.net/389139/#hathalyoum
The oil-backed Iraqi Dinar has been revalued in the country, with exchange rates confirmed at USD$3.49 DOLLARS x 1 IQD in IRAQ 🇮🇶 and USD$3.28 DOLLARS x 1 IQD in KURDISTAN.
The VIETNAM DONG 🇻🇳 is rumored to have followed suit, with classified exchange rates already circulating.
Note: IQD AND DONG exchanges, for the moment inform us that they are classified and only in the countries corresponding to the currency.
Greetings
Hernan
TRANSLATION IN SPANISH
Miércoles 18 Diciembre 2024
Hernán : Dice
El dinar iraquí, respaldado por el petróleo, se ha revaluado en el país, con tipos de cambio confirmados en USD$3,49 DÓLARES x 1 IQD en IRAQ
y USD$3,28 DÓLARES x 1 IQD en KURDISTÁN.
Se rumorea que el DONG DE VIETNAM ha seguido su ejemplo, y ya circulan tipos de cambio clasificados.
Nota: Los intercambios de IQD Y DONG, por el momento nos informan que son clasificados y solo en los países correspondientes a la moneda.
Iraq Out Of The List Of Major Countries Holding US Bonds
Money and business Economy News - Follow-up The US Treasury announced on Tuesday that Iraq is no longer a major foreign holder of US bonds.
According to the Treasury report for September, which showed that Iraq was not among the top 20 countries holding US bonds, after it was ranked among the top holders last year with holdings of $32.6 billion.
The report indicated that "Japan topped the list of major countries in holding US bonds, with holdings amounting to $1.123 trillion, followed by China in second place with holdings amounting to $772 billion, while the United Kingdom came in third with $764 billion, the Cayman Islands in fourth place with $420 billion, Luxembourg in fifth place with $417 billion, and Canada in sixth place with $370 billion."
]The report explained that Saudi Arabia was the only Arab country that maintained its position among the 20 largest holders of US bonds, as its holdings amounted to $143.9 billion.
The report indicated that the total holdings of US bonds by countries around the world in September amounted to 8 trillion and 872 billion dollars.
US bonds are a type of debt instrument issued by the US government to raise money, and many countries buy them as a safe investment.
In the past years, many Arab and foreign countries, including Iraq, owned large amounts of these bonds, and over time, Iraq's holdings of US bonds decreased until it left the list of the 20 largest countries holding these bonds. Views 25 12/18/2024 - https://economy-news.net/content.php?id=51026
FIREFLY: Secretary of State Blinken who just left Baghdad after meeting with Sudani said he was amazed at what's going on here in Iraq. He's been over here off and on for the last 20 years and never seen the new construction and airport updates and the movements of cars like we now have. He left very impressed.
FRANK: Who cares what Blinken has to say. I only care what Trump and Sudani are about to do.
FIREFLY:We are hearing another gazette is missing from the publication. They say it's number 485. They say it was completed but it is not published publicly yet. We thinking it's because it has the article 12 items related to it
...
FRANK: Article 12 is the introduction of a restricted free currency with no sanction to the international world. It does not mean it has to have value but it means that it can leave your borders and gain value in an international basket. Everything is set up so perfect.
FRANK26: "SUDANI & THE CBI DEFEND THE MONETARY REFORM"........F26
The Central Bank of Iraq warns against fake companies for trading and investment
December 16, 2024
The Central Bank of Iraq warns the public of the existence of fictitious electronic stock trading companies claiming to be licensed by the bank. The bank states that it does not grant a license to companies trading in (stocks, metals and cryptocurrencies), noting that it has taken all legal measures against such fictitious companies.
It confirms that some pages and posts on social media have circulated the names of fictitious companies that exploit the name of the Central Bank and claim that they are official Iraqi trading companies licensed by it for the purpose of investing and trading in digital currencies, stocks, gold and oil by broadcasting fictitious videos and posts, and profits are withdrawn through wallets or delivered to people according to their claims, noting that these companies claim to have branches in the governorates of Kirkuk, Mosul, Erbil and Sulaymaniyah.
It stresses the need for victims of these fictitious companies to take legal action against them and inform the relevant authorities of this. The Central Bank called on the public, before carrying out any transfer operation, to review the names of non-banking financial institutions licensed by it and published on its official website at the following link
(https://cbi.iq/page/25).
Central Bank of Iraq Media Office December 16, 2024
