What I can say is this: There is a load of pressure on Iraqis to remain quiet on what they are being told and what they are able to do at present.
They have their rate - and all I can say is it is close to rumors you are hearing (the low ones however not the huge double digit ones) They have been using this rate for some time in contracts (IN country) since the first of the year basically.
Iraq is waiting on the Treasury to give the go sign...and the Gazette issue is also being kept quiet - but remember it is not necessary for it to be published - beforehand, in order for us to know before we go.
Is it possible it will be before? Yes but not necessary. That is really all I can say without getting people in trouble and I refuse to do that.
Based on the main role of the Central Bank of Iraq in regulating, developing and advancing the financial and banking sector
With its various digital activities, technical and information operations, and its continuous endeavor to enhance cybersecurity and data protection and information related to financial and banking systems”
and to develop a standard framework and controls for developing resilience capabilities Cyber and levels of readiness to confront and respond to the effects resulting from risks, threats and cyber attacks “effectively”
and enhancing the flexibility of financial and banking institutions to cope with technical and information security disruptions Cyber crises, withstand these crises and recover from them in appropriate record periods, and ensure continuity of business and operations and banking activities.
In order to provide a comprehensive framework for organizing, developing and developing this sector in a way that is compatible with modern technical challenges and threats Increasing cybersecurity”
We attach a link to the document on cyber resilience controls for the financial and banking sector in Iraq Commitment to them in order to enhance the cyber resilience of your organizations.
We consider the controls, guidelines, procedures and measures contained in this document an important reference and basis for protecting infrastructure Technology, financial and banking systems” and contributes to enhancing your institutions’ readiness and flexibility in facing technical challenges Security and cyber threats, adapting to them, predicting their risks, containing them, and recovering from them quickly. And guarantee capacity To continue performing tasks and functions and providing services on an ongoing basis.
.. with respect.
Attachments:
- Cyber resilience controls for the financial and banking sector in Iraq in Arabic and English.
diamonds: Cancellation of Paragraph ( 5 / d ) of the instructions and standards for circulation and replacement of banknotes, and the counting and sorting mechanisms..For more click here https://cbi.iq/static/uploads/up/file-1719486275814.pdf
M/ Instructions and standards for circulation and exchange of banknotes, and mechanisms for counting and sorting
In addition to our Circular No. (34/4/9) dated 1/10/2024 - we would like to inform you of the cancellation of paragraph (5/d) of the instructions and standards.
Circulation and exchange of banknotes and counting and sorting mechanisms included (collecting the amount of (250) dinars on bank deposits About the counting and sorting operations for each bundle) and this will be implemented starting from the date of 7/1/2024.
PDK Note: I will only transcribe RV Related or Intel with Financial relevance. If any certain political –type picture is posted on Marks videos I will not show it. If Mark gets removed from YouTube for political opinions I will no longer transcribe any highlights. Thank you for understanding.
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
Coffee with MarkZ and Michael Cottrell Friday 6-28-2024
Member: TGIF Beautiful Z Family! Sending Much Peace, Love & Harmony
Member: I can’t believe how fast the weeks go by! It’s already Friday again!
Member: Good Morning. Is it Fantastic Friday or Freaky Friday? Lol
Member: Are we there yet-LOL.
MZ: With what I am hearing from the banking side…..this may be it. I am feeling exceptionally good as to where we are at right now.
MZ: News is pointing to right after July 4th from the banking side.
MZ: I continue to get similar things for between the 4th and the 15th out of Iraq. I am hopeful this is accurate
MZ: There is a lot of disinformation out there….Hang on and don’t ride the roller coaster.
Member: RV- I hope it’s real and we are not just being strung along.
MZ: When there is something real and actionable- I will share it. Hang on…We are watching it wind down to completion.
MZ: Bonds and CMKX and Prosperity packages are quiet. Lots of chatter about preparations- but no details are being shared right now.
Member: Frank 26 says Sudani has signed the budget
Member: Iraq has passed the 2024 Budget schedules into law and should be in the Gazette this weekend or next Wednesday.
Member: Wolverines says people are being paid , soon this will be over.
Member: My local bank in Georgia, United Community, as of Monday launched a new website with a digital platform and wealth management.
Member: I went to my bank yesterday and was told it would be closed for the next three days to change the system.
Member: Looks like most of the good news comes out of BRICS lately…..They have a lot of things happening.
MZ: Is BRICS to launch a Gold-Backed Currency this August?
MZ: “BRICS Gold Backed Currency to launch at 2024 Summit?” It is now widely suspected and anticipated that BRICS will announce the details if not the actual gold backed currency in August at the BRICS summit.
MZ: Will they give us the framework or the actual currency???? According to ministers in Russia, India and China…. – the new currency is ready and tested…..That could explain the 1300 tons of gold missing in China. It may have been tucked away to back the MBridge new currency. .
Member: I sure hope we are not waiting for the new BRICS currency for the reset/rv???
MZ: Japan is coming out with new currencies for July!
Member: I heard that we're waiting for the announcement from the USA to confirm the New USN gold backed currency.
Member: What is your gut feeling on when the RV may hit
MZ: My gut is screaming between now and the 15th.
MZ: I will be back stateside for July 4th to visit family and medical reasons…….Not because of the Potential RV. I would love to exchange while I am there though.
Member: Hoping your exchange dream for over the 4th comes true Mark….for us all.
MZ: As slow as Fridays are I may not do a podcast tonight. I need the rest.
Member: MatkZ, Mods and everyone! I wish everyone a blessed weekend!
Member: Still hoping, Wishing and praying this is our weekend.
Mr. Cottrell 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
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
FinCEN Issues Final Rule Against Iraq-Based Al-Huda Bank to Combat Terrorist Financing Today, June 26, 2012, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury issued a final rule in accordance with section 311 of the USA PATRIOT Act (section 311). This rule prohibits domestic financial institutions and agencies from opening or maintaining a correspondent account for or on behalf of Al-Huda Bank, an Iraqi bank that serves as
Under Secretary of the Depository for Psychological oppression and Monetary Insight Brian E. Nelson said:
“We remain focused on preventing Iran and its proxies from utilizing these gaps to facilitate their destabilizing terrorist activities, even as Iraq continues to make progress in its efforts to address illicit finance-related vulnerabilities in its financial system.”
“The present last rule cuts off this critical channel for tax evasion and psychological militant funding, guaranteeing both the honesty of the Iraqi and global monetary frameworks as well as the proceeded with improvement of genuine business and exchange.”
Al-Huda Bank was identified by FinCEN as a foreign financial institution of primary concern for money laundering on January 31, 2024, in a finding and notice of proposed rulemaking (NPRM). Al-Huda Bank supported Iran’s Islamic Revolutionary Guard Corps (IRGC) and IRGC-Quds Force, as well as Iran-aligned Iraqi militias Kata’ib Hizballah and Asa’ib Ahl al-Haq, for years by taking advantage of its access to U.S. dollars, according to the finding.
Besides, the director of Al-Huda Bank is complicit in Al-Huda Bank’s unlawful monetary exercises, including illegal tax avoidance through front organizations that disguise the real essence of and parties engaged with illegal exchanges, eventually empowering the supporting of psychological oppression.
FinCEN is making this segment 311 move to safeguard the US monetary framework from Al-Huda Bank’s illegal action. Covered financial institutions are now required to take reasonable steps not to process transactions for the correspondent account of a foreign banking institution in the United States if such a transaction involves Al-Huda Bank, preventing Al-Huda Bank from having indirect access to the United States financial system as a result of this final rule. Covered financial institutions are also prohibited from opening or maintaining correspondent accounts for or on behalf of Al-Huda Bank.
In addition, covered financial institutions are required by this final rule to perform additional due diligence on their foreign correspondent accounts that is reasonably designed to prevent their use to process Al-Huda Bank-related transactions.
The situation as I understand it: This should have gone in April. That was Plan A. The USA stopped it. The window for Plan B opens tomorrow at "Sundown" and is a week long. There is no Plan C.
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Word from a source just received:
He got a call from a high banking source at a major bank in the south. “You’ve been bugging me about this for ten years. Well, congratulations buddy. Your dream is about to come true.”
SOURCE: “What do you mean?”
BANKER: “We just got a letter from headquarters informing us to get ready because ‘The Iraqi Dinar is revaluing extremely soon.’”
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The situation as I understand it: This should have gone in April. That was Plan A. The USA stopped it. The window for Plan B opens tomorrow at "Sundown" and is a week long. There is no Plan C.
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The "Bondholder" is once again certain he gets paid out on Tuesday, but he is returning to his city of origin tomorrow. He HAS to be in this location to get his payout. This means the payout COULD come sooner than Tuesday. More as I get it...