Wednesday, June 5, 2024
THIS DATE NEEDS A NEW RATE FOR THE PROJECTS OF THE BUDGET!!! BY FRANK26, 5 JU
KTFA
FRANK26:"THIS DATE NEEDS A NEW RATE FOR THE PROJECTS OF THE BUDGET!!!"...........F26
The Sudanese financial advisor reveals the date of the government’s implementation of the budget schedules
6/3/2024
Mazhar Muhammad Saleh told {Al-Furat News} agency, “Based on the effective constitutional path in issuing legislation, the start of the official implementation of the federal general budget schedules must be accompanied by its approval by the House of Representatives, based on the provisions of Article 77/Second of the Federal General Budget Law No. 13.” For the year 2023 (the tripartite budget),
if that approval in the House of Representatives takes the form of (the law) or the form of the amendment to Law No. 13 of 2023 referred to above, then those amendments to the original law or the wording of the tables as a new law must in all cases be approved by chance.The President of the Republic, and then it will be published in the Official Gazette so that the legal procedures can complete all their prescribed paths.”
He pointed out, "After that, the implementation or application phase begins immediately unless there are instructions for implementing the federal general budget schedules for the year 2024, which may be issued by joint instructions between the Ministries of Finance and Planning."
Saleh continued, "Despite this, the important aspect remains that the budget tables for the year 2024 are approved by the legislative authority and are accepted by legislators in the House of Representatives, and then the financial table for the year 2024 is issued and approved under any form of legislation in force, whether issued by a new law or a legislative decision." .
Ragheed
COFFEE WITH MARKZ 6-4-2024 (ENGLISH & SPANISH), 5 MAY
Tuesday Morning Talk “Coffee with MarkZ” 6-4-2024
Member: Welcome to a fantastic Tuesday.
Member: Mark, is your June 2-9 range still valid?
MZ: I have several bond people expecting fully spendable money from this afternoon through Thursday. I had one that I was expecting to receive last night, but it was shipped tonight.
MZ: Different interest rates still appear on bank screens. Several banking contacts have chimed in saying they see the dong at $2.86. We don't know if this is to save space. But I'm hoping this is the price. They are seeing IQD of more than $4+
Member: Any tax on the BolĂvar?
MZ: The most frequent rate you are seeing is about 27,000 dollars per million bolivars. We'll see when we change.
Member: So each bolivar could be worth about 0.27 cents... that's great!
Member: I would take that in a heartbeat!!!
Member: When do we expect our currencies to be backed by gold/assets?
MZ: It's supposed to happen at the same time. Otherwise, if we switch to fiat... we will have to move our funds into assets quickly.
Member: MARCA Z it is true that the Budget has nothing to do with the rate. Does it depend on oil?
MZ: Yes and no... in the budget they left a revaluation mechanism based on tariffs and oil production. ….They can make the budget without changing rates. Does it make sense to do it? NO….because they have been accumulating a deficit of more than 30% each year. .
Member: It appears that the Iraqi budget must be published in the Gazette before it is legal. If they are waiting, it could be Wednesday or Saturday...or will it be legal 15 days from yesterday?
MZ: Exactly. You've got it nailed. At this time we expect it to be published in the Gazette tomorrow or Saturday.
Member: Prime Minister Mohammed Shia Al-Sudani said that international organizations have reached a positive assessment of Iraq's performance that supports stability.
MZ: Yes, they keep talking about the abundance that will come and lift up all the people of Iraq. There is a mechanism for VR in the budget. And I have a ministerial contact in Iraq who still believes we will see a new rate in the budget. Whether it's Wednesday. or Saturday...we'll see. This contact works in the Iraqi government.
Member: Iraq Sec. General of the HOR (House of Representatives) sends the approved budget schedules to the Ministry of Justice.??? Gazette time?
Member: Does the contract between the US and Saudi Arabia for the purchase of oil in dollars expire this Sunday? This could be a momentous event!!!
Member: I hope that the agreement between Saudi Arabia and the United States can be the event that sets things in motion.
Member: Dr. Scott even said it would be 2 or 3 days after June 9 before the effects make a big splash.
MZ: Many people are asking for Black Swan to arrive on Sunday night the 9th.
MZ: I have a brief banking history for you. “I went to the bank today (Wells Fargo) and decided to ask about the RV. The banker admitted to knowing and said he even owned a dinar and said he had been at it for about 12 years waiting. He didn't predict when it would happen, he just said to be prepared.
MZ: I liked that they had an open conversation with the bank and it was a currency holder. They know it because they are training for it.
Member: I got a bank account book, necessary for preventing terrorism, dealing with foreign currency and certain accounts are for wealth management clinics... I never received anything like that before.
Member: My Wells Fargo authenticated my coin last week and said it would happen soon
Member: I went to my credit union and asked if they exchange foreign currency. She said no and directed me to WF. She said she had also sent other members to WF.
Member: I spoke with a board member at our credit union since it was closed for 3 days, including Zelle, to update the software. I asked him if this is the quantum financial system and he said yes.
Member: Supreme Court Ruling: State-sponsored banks can dissolve from the Federal Reserve system and issue their own currency https://thesilverindustry.substack.com/.../supreme-court...
MZ: This is great news. “$517,000,000,000 billion in unrealized losses hit the US banking system: FDIC says 63 lenders are on the verge of insolvency” Think about it. If 63 banks fail and the Federal Reserve has less than $100 billion to bail out the banks, what money is left in the event of a crisis? This is undermining banks' liquidity. Things are getting ugly.
Member: Let the accident come... the leftists have to start the new QFS system... we are ready
Member: Mark, anything about zim holders having to go to a military base to exchange? . It was talked about years ago. Thanks for all that you do.
Member: That would be a safe place to exchange. I hope the rumor is true.
Member: Don't try to rush progress. Remember: a step forward, no matter how small, is a step in the right direction. Keep believing.
Member: Mark thanks you, Zester, and all the Mods for everything you do. Everyone does a fantastic job.
Member: Thank you for your service, Mark! It has been an honor to be aligned with you on this journey! The fatigue is real, however the joys and celebrations will be overflowing!
TRANSLATION SPANISH
Charla del martes por la mañana “CafĂ© con MarkZ” 6-4-2024
"THANK YOU PARLIAMENT... BUT YOU HAD NO CHOICE DID YOU LOL" BY FRANK26, 5 JUNE
KTFA
FRANK26: "THANK YOU PARLIAMENT... BUT YOU HAD NO CHOICE DID YOU LOL"...........F26
After approving the budget... Al-Sudani sends a message
6/3/2024
Prime Minister Muhammad Shiaa Al-Sudani blessed, today, Monday, what he described as the “responsible step” of the House of Representatives, represented in approving the 2024 budget schedules.
Al-Sudani expressed his thanks and appreciation for the efforts of the Presidency of the House of Representatives, the political forces, the parliamentary committees, and the Finance Committee, Which completed the government effort, and what had previously been approved by the Council of Ministers, represented by the budget schedules (A, B, C, D, E, F).
Al-Sudani reiterated his emphasis on "continuing to implement the government program, which received the vote of the House of Representatives and the support of the political forces, in order to complete the goals and implement the priorities that represent, above all, the aspirations and demands of our Iraqi people that they wish the government to fulfill."
The Prime Minister called on the House of Representatives and the provincial councils to "strengthen the government's work by following up on the legislative and oversight efforts, which our government institutions, with all their arms and bodies, view as support for their work, a course correction, and a guarantee against corruption, deviation, and failure."
BANK STORY BY SALTY MTN, 5 JUNE
đąSalty Mtn, Liberty Lounger Extraordinaire, shares a TERRIFIC bank story.
In her remarks below, she's sharing that anyone who holds Zim should go to a redemption center and she's explaining her conversations with her relationship banker.
đąSalty Mtn: We know we should go to a redemption center. I am a business owner and a long time ago, we had to have a Tier 1 bank for large merchant account deposits. I have been a Private Client of Chase for years.
I have an assigned banker, which changed 19 months ago. When we first met, I asked her some basic questions about RV. She knew nothing.
Over time, I tried to make conversation and tried to politely ask currency questions. About 8 months pass, and suddenly the banker is curious and starts asking me questions.
She started asking her Superiors the questions i asked her. Since then, every time she sees me, she wants to see what i know. I do the same to her and we share information. Recently she went through training on Foreign Currency.
About a month ago , she called me and asked me formally if I would be exchanging with Chase. She was putting together some form of "priority" clients for the exchange. She asked about my currencies, knowing I had Zim, and she mentioned they would not be exchanging all my currencies and I would have to go to a RC.
I already knew this, but we have been using each other for info for months....I have helped her more than she has helped me, but she always gets me the answers I seek.
I also opened another business account at a credit union about 15 months ago and have been tapering Chase off. Recently, she accidentally told me where my Redemption Center is...đ.
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