VICE EXPECTS A REVERSE RETURN IN THE EXCHANGE RATE AND TALKS ABOUT THREE NEGATIVES
Representative Baqir Al-Saadi expected, on Monday, that the dollar exchange rate against the dinar will continue to decline in the coming days. Al-Saadi said, in an interview with Al-Maalouma, that “common external-internal factors were behind the rise in the exchange rates of the dollar in the parallel market in Iraq in recent weeks, in a way that raised public concern.”
More news….
A SOURCE REVEALS THE ISSUANCE OF SECRET IMPLEMENTATION INSTRUCTIONS FOR THE BUDGET! An official source in the Budget Department of the Ministry of Finance indicated that instructions for implementing the budget were sent to the ministries, with government secrecy and unwillingness to announce the matter.
The source said in a press interview, “The Ministry of Finance has sent instructions to implement the budget to the ministries during the past days.”
The source added, on condition of anonymity, that “the government issued instructions to the ministries and asked them not to disclose this, in order to avoid the anger of some groups, whose contracts have been terminated, and the lecturers who were not included in the budget materials within its allocations.”
More news….
OIL: REVENUES LAST MONTH AMOUNTED TO MORE THAN $8 BILLION
Today, Tuesday (August 1, 2023), the Ministry of Oil revealed the total exports and revenues achieved for the month of July, indicating that they amounted to more than 8 billion dollars, and exports of crude oil amounted to more than (106) million.
(Yet, Iraq still has 1/6 of a penny dinar? Are they teasing us?)
More news….
THE OIL-FOR-GAS AGREEMENT BETWEEN IRAQ AND IRAN ENTERS INTO FORCE
The barter agreement (oil for gas) between Iraq and Iran entered into force, starting today, Tuesday, August 1.
Hamid Hosseini, head of Iran’s Petroleum Products Exporters Union, declared in a statement to Iranian media that: “Iraq will send us about 30,000 barrels of crude oil and 70,000 barrels of diesel in exchange for gas exports, starting in August.”
(Part of the budget is to get contractors in to capture the NG being burned off the oil rigs as it is today. Yes, billions of cubic tons of gas just being wasted. Can they pipe this them to the power plants for electricity?)
The dollar and the electricity issue ignited Parliament’s last session.
Parliament complained about delaying the implementation of the budget.
A member of the State of Law Coalition, MP Muhammad Al-Ziyadi, expressed, on Sunday, his discontent with the government’s failure with several files, most notably the failure to implement the budget and the failure to address the rise in dollar prices and the electricity crisis, stressing that Parliament is determined to get out of the agenda of tomorrow’s session and go to solve the crises.
But today we find out that the Ministry of Finance told us that instructions for implementing the budget were sent to the ministries days ago, with government secrecy and unwillingness to announce the matter.
So now we know that is not waiting for a rate change to spend the budget.
It is now in progress.
So, what is the HOT topic of this period?
I talked to my CBI contact in Iraq this past weekend.
Again, I asked why was I told to expect the reinstatement a couple weeks ago.
What happened?
I was told that the US Treasury held it back due to the corruption schemes to money launder the dollars in those 14 banks we heard about.
Also another issue that was highlighted was the issue of the black market parallel rate.
I was told this rate must get down to very close to the “official” CBI rate.
When it does the CBI will change the official rate one more time.
This will lead to the project to delete the zeros.
We can see that sanctioning these 14 banks from selling the dollar will certainly help but it will take a week I am told to catch up and see a difference.
But I was assured it will make a difference.
I then asked about these other dollar sales outside the currency auction windows allowed by the CBI?
Remember these are the ones Ali Alaq talked about his interview and questioning in parliament we read last week in the article.
These transactions are NOT recorded and traced and could be suspect too that are feeding the black market.
I was told these are legitimate and the CBI is manually tracking them.
Let’s talk about the Oil and Gas Law…
Today, Thursday (July 27, 2023), the Parliamentary Oil and Gas Committee revealed that the legislation of the oil and gas law in the Iraqi parliament is imminent, while confirming that it has priority in legislation after the approval of the budget law.
Yes, it seems whenever they get close to a reinstatement, out pops the oil and gas law again, time after time.
It was in FACT in an article followed up with a on conversation with my CBI contact that “all constitutional requirements mut be met prior to any release of the dinar” back to FOREX.
Folks I can say that we are so very close to the reinstatement.
But as I mentioned above there is still corruption with the dinar and dollars that must end or at least to get under some resemblance of better control by the CBI.
The US Treasury is still not happy that the total daily amount of dollars was above normal for imports of Iraq once again this week.
But the good news is the sanctioning of these responsible banks could and should fix the issue.
Remember what Ali Alaq told us in an article just last week?
He said and I quote from the article: “that on Sunday (July 16, 2023), the Central Bank of Iraq announced the “success” of the campaign to support the Iraqi dinar against the dollar, although the US currency is recording an increase in the local (parallel) markets, reaching 1492 dinars.”
We must ask is it really all about the dollar and parallel rate or is there something else or even many items that the governor of the CBI is waiting on?
I hope everyone is praying for the sovereignty of Iraq and that it can finally break free of the corruption and put safeguards in place that work.
Remember also there is the political saga of massive corruption going on in the U.S. politics too and so we must wait for this to all shake out too. …………………………………………………………………………………………………………PARLIAMENTARY COMMITTEE CONFIRMS THE IMMINENT ADOPTION OF THE OIL AND GAS LAW: IT HAS PRIORITY IN LEGISLATION
Sounds like they are in a rush to complete it.
Could it be it is needed to complete the constitutional requirements prior to any Reinstatement?
Today, Thursday (July 27, 2023), the Parliamentary Oil and Gas Committee revealed that the legislation of the oil and gas law in the Iraqi parliament is imminent, while confirming that it has priority in legislation after the approval of the budget law.
Committee member Jay Taymur told “Baghdad Today” that “there is a political agreement on the legislation of the oil and gas law, and this law has priority in legislation after the approval of the budget law, and this matter is agreed upon within the State Administration Coalition.”
Timur pointed out that “the coming days will witness the completion of the dialogues between Baghdad and Erbil in order to resolve all the paragraphs and provisions of the Oil and Gas Law, to send it to Parliament for a vote on it.”
He continued, “This law is very important to regulate the financial and oil relationship between the center and the region.”
This is a huge source of their revenues.
Don’t you think they would want to settle this and pass a law prior to the reinstatement?
And last Sunday (July 23, 2023), the Parliamentary Oil and Natural Resources Committee confirmed that it was awaiting a meeting with the President of the Kurdistan Region, Nechirvan Barzani, to resolve the final version of the oil and gas law, noting at the same time the insistence of the head of the federal government, Muhammad Shia’ al-Sudani, to approve it as soon as possible.
The oil and gas law is one of the most important differences between the federal government and the Kurdistan region, and the parties did not reach a settlement on it throughout the past four parliamentary sessions.
FOLLOWING AN “AMERICAN-IRAQI” CALL… INDICATIONS THAT THE DOLLAR IS STARTING TO DECLINE
Baghdad Today – Baghdad
A number of experts and specialists expected that the price of the dollar in Iraq would begin to decline in the coming hours, following the contact that took place between the Central Bank of Iraq and the US Treasury, with the participation of the US Ambassador to Iraq, Elena Romanowski, while the first indications began from the Erbil Stock Exchange.
And Romanowski had said in a tweet on Twitter, followed by “Baghdad Today”, “I participated yesterday in a call between the Treasury Department and the Central Bank of Iraq (CBI) about the recent US measures to restrict 14 Iraqi banks from dollar services after concerns related to money laundering.” She added, “The Central Bank of Iraq took appropriate and prompt measures,” noting that “no sanctions were imposed on any of the Iraqi banks,” stressing “continuing work to improve compliance with AML/CFT systems and digitize the Iraqi economy with our partners in the Central Bank of Iraq.”
The exchange rate of the dollar rose against the dinar, reaching 153,100 dinars for every 100 dollars.
Earlier in the day, the Iraqi Trade Bank (TBI) decided to take the initiative to expand the scope of the external financial transfer process in order to allow the import of consumer goods at the exchange rate of the Central Bank of Iraq 1320 dinars per one dollar, provided that the value of the external transfer for each individual merchant per month does not exceed (100,000$ only). One hundred thousand dollars) and work in this matter will start in the bank’s branches in the capital, Baghdad, and work will be expanded in other branches outside Baghdad soon, according to the instructions of the Trade Bank of Iraq.
-----
A PARLIAMENTARY COMMITTEE CONFIRMS THE IMMINENT ADOPTION OF THE OIL AND GAS LAW: IT HAS PRIORITY IN LEGISLATION
Today, Thursday (July 27, 2023), the Parliamentary Oil and Gas Committee revealed that the legislation of the oil and gas law in the Iraqi parliament is imminent, while confirming that it has priority in legislation after the approval of the budget law.
Committee member Jay Taymur told “Baghdad Today” that “there is a political agreement on the legislation of the oil and gas law, and this law has priority in legislation after the approval of the budget law, and this matter is agreed upon within the State Administration Coalition.”
Timur pointed out that “the coming days will witness the completion of the dialogues between Baghdad and Erbil in order to resolve all the paragraphs and provisions of the Oil and Gas Law, to send it to Parliament for a vote on it.”
He continued, “This law is very important to regulate the financial and oil relationship between the center and the region.”
And last Sunday (July 23, 2023), the Parliamentary Oil and Natural Resources Committee confirmed that it was awaiting a meeting with the President of the Kurdistan Region, Nechirvan Barzani, to resolve the final version of the oil and gas law, noting at the same time the insistence of the head of the federal government, Muhammad Shia’ al-Sudani, to approve it as soon as possible.
The oil and gas law is one of the most important differences between the federal government and the Kurdistan region, and the parties did not reach a settlement on it throughout the past four parliamentary sessions.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Wednesday 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: What is on the Bingo card for August? Praying it is RV!
Member: Really hope this is the RV week
Member: Just understand that your complete life is about to change in an instant.
Member: it's like get ready to go 2 hospital when baby is coming.....we have our bags packed, ..now waiting on the water to break
Member: Just got off call….I can confirm that the first wave of liquidity starts tomorrow…saying that the payout pecking order ,, beneficiary accounts, Fines and penalties and whales.
MZ:I am also hearing that ..I am also hearing their liquidity starts tomorrow but it will be awhile before it gets to us. I don’t know exactly what that means. We will know tomorrow if that money starts moving. Maybe mid-day tomorrow….if that is accurate.
MZ: I think it may be premature because of the folks I see being pushed, pulled and moved right now… and the first funds may start to move on Sunday/Monday…..That’s just what I think. I hope I am wrong. I am waiting on one trustee to be moved before I feel really good and comfortable.
MZ: But they are indeed moving people and making promises right now and expectations on timing with the upper levels of this process..…..these are tier 3, tier 4a, the bonds ect……
MZ: We should have a good update later on tomorrow. .
Member: The Brics summit is Aug 22, does the RV need to go before that meeting?
Member: Aug 22nd will be 52 years from signing US off of Gold Standard.
Member: Awake-In-3D had a great article in Recaps about Zimbabwe joining BRICS soon.
MZ: “ Iraq and Kuwait to settle territorial and maritime borders” They are sitting down and working out anything left on the table from the Iraqi invasion of Kuwait under Saadam Husssein. They are committed to settle any outstanding disputes including joint oilfields.
Member: In Iraq they plan on publishing all of the instructions on the implementation of the budget this week. And adjusted budget for the Kurdish region. I think they might be hiding a rate in there. There is a lot of anticipation for the next few days.
MZ: The average Iraq weeks runs Sunday to Saturday.
Member: excellent news about iraq and Kuwait
Member: MM seems to be pointing to the "change" happening in under 10 days from one standpoint
MZ: Yes MM had a great video last night….be sure to go watch it. The information continues to be phenomenal from Iraq.
Member: Stock Market crashed the Monday after credit rating was lowered in 2011
Member: The Bonds The Banks The Currency if one fails....they all fail. Fitch downgraded the bonds today.
MZ: “Fitch’s US downgrade is a bad look. why it’s not a disaster” No need to worry about arbitrary, outdated stats….lol….Yellen was angry.
Member: Markz, do you think the RV will happen before Nesara Gesara/Jubilee, or the Jubilee will happen before the RV, or they happen together or no relation
Member: He said recently he thinks it all goes at the same time….hope that is still accurate.
Member: I believe everything will go together so we cannot double dip..
Member: Hope the white hats have good reason for kicking the can. Perhaps they are constipated?
Member: We need TRUTH to hit the airwaves to wake up the rest of the sleepers.
Member: Welcome to America- Land of the lies.
Member: I can't wait for the major freakout of millions of ppl who didn't know SQUAT about anything!
Member: There will be a lot of those for sure.
Member: the rv journey is like going 4 wheeling, its going to be a bumpy ass ride till you get to your destination. those that have never gone wont understand.
Member: Thank you Mark and Andy for all your news today….
Andy Schectman joins the stream today. Please listen to the replay for his information and opinions.
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY.
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: Good Tuesday Evening Everyone
Member: I wonder what happened to Christmas in July???
Member: Good evening, this is a new month, the 8th month which is considered “new beginnings “ in biblical terms. New currency, a whole new world
MZ: We are still hearing that money is supposed to be positioned for this weekend. We shall see. There are a lot of bond folks –even outside Asia that are moving right now. I’m a bit excited but we will see how this goes.
MZ: It was fairly quiet out of Iraq today.
Member: Frank said yesterday a delegation was sent from the CBI to D.C with the express purpose of discussing the rate.
Member: GuruFrank26 [Iraq boots-on-the-ground report] FIREFLY: TV saying upcoming delegation heading to America to discuss the exchange rate! Saying it’s an Iraqi government delectation going to America. FRANK: It’s fantastic to see a CBI delegation is now head to America to discuss your exchange rate with the US Treasury. Wow…holy guacamole!
MZ: Yes that is part of the discussion going on in Iraq….The other topic is the Iraqi people are done waiting and are forcing the issue. This discussion is in the streets, with government officials and the banks. We will be getting our rate change. Its happening.
Member: Also, on Sat a package was sent to the general managers at the CBI with major changes & instructions – Frank says this probably means a new exchange rate as they will want to fund the budget
Member: I wonder if the rate will be 1 to 1 and float or a fixed rate. Sure wish we knew
Member: It’s been said 3.81 in states: contract rate can be higher…pray its true
Member: With India and Brazil backing out of BRICS, does that postpone the RV beyond its current state?
Member: Brazil and India founded BRICS…. What do you mean backing out?
Member: Hopefully it’s a rumor or misinformation. …who knows….So many liars in the news agencies.
Member: Has there been any talk of Iraq or Vietnam joining BRICS?
MZ: Great questions. They have both indicated their interest in doing that. Iraq has to be careful as the US is still controlling a good bit of their money flow. Both India and Brazil also walking on a razors edge dealing with the US and BRICS. ….This is fun to watch.
Member: If Iraq and Vietnam where in secret talks to join Brics could the announcement of them and others being excepted along with backed currencies at the meeting this month be the hammer dropping?
Member: What do you think about FedNow?
MZ: It’s a tool to move/transfer money. If the good guys win it will work with the QFS….If the bad guys win…they will use it for CBDC’s
Member: Thumbs up and much gratitude to Mark, Mods, and this fabulous group
Member: One of these days real soon , I believe we will all be Happy!!!!
Member: Mark- a huge thanks as always for all you bring to this community.
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY
Markz will be on rumble on SATURDAYS ONLY so he can speak his mind. You will find him on YouTube during the week.
The author of the personal finance best-seller Rich Dad Poor Dad says dozens of countries are colluding to conjure a new currency that could stand up against the US dollar.
Robert Kiyosaki tells his 2.4 million Twitter followers that he believes BRICS is clearly spearheading a movement to create a new currency that will be backed by gold.
According to the best-selling author, longtime US ally France and 36 other nations are possibly joining forces with the economic bloc in an effort to erode the dollar’s dominance in international trade and foreign reserves.
“Gang Warfare: August 22, 2023 approximately 41 nations, possibly even France gang up in South Africa to de-dollarize the world. Proposal: BRICS nations will launch ‘bric,’ their money. One bric = one ounce of gold =$3,000. Bye bye USA.”
Kiyosaki is referring to the 15th BRICS Summit in South Africa, which will be held from August 22nd to 24th.
Earlier this month, reports surfaced that the economic alliance of nations is gearing up to unveil a new currency designed to compete against the US dollar.
Representatives in Russia have suggested that a new currency will be discussed at the coming meeting. However, African Ambassador Anil Sooklal has reportedly said that BRICS will not discuss the idea of launching a new currency during the upcoming summit.
“There’s never been talk of a BRICS currency. It’s not on the agenda.”
Leslie Maasdorp, the chief financial officer of the BRICS New Development Bank, previously said that the bloc has “medium to long-term” ambitions to create a new global currency and challenge the US dollar.
BRICS is a group of economically aligned countries made up of Brazil, Russia, India, China and South Africa.