CBI, Federal Reserve sign deals to ease forex transfers from Iraq after intensive meetings in UAE: official source
Shafaq News/ The Central Bank of Iraq (CBI) and U.S. representatives have inked breakthrough deals to ease restrictions on foreign transfers from Iraqi banks, a government source revealed on Saturday.
Iraq's official news agency quoted an official source saying that a series of intensive meetings have been held over the past few days in Abu Dhabi to streamline procedures for foreign transfers via the foreign currency sales window at the Federal Reserve.
Key outcomes include agreements to streamline the USD balances of five Iraqi banks at Jordanian financial institutions, simplify transfers via JP Morgan, and provide robust justifications for rejected transfers, the source said.
The negotiations involving a prominent UAE bank, the Central Bank of Iraq, and U.S. delegates were convened to establish a UAE Dirham pilot at Iraqi banks.
"The process is poised to kick off in the coming days," the source added, "final-stage negotiations are also in progress to reinforce balances of select Iraqi banks in euros at the UBAF bank, facilitating trade with the European Union."
The official source revealed that many banks will be able to benefit from balances in Chinese yuan through the Singapore Development Bank.
"Six Iraqi banks have been included, with plans to incorporate seven more," the source continued. "This initiative is geared towards financing Iraqi imports from China, estimated at a substantial $12 billion annually."
Those deals, the source explained, will help fund Iraq's imports from India, specifically pharmaceuticals and food items, which are valued at nearly $3 billion annually.
Fri. 17 Nov. US Government Shutdown (The end of Congress’ extension for approving and funding the 2023 budget. The Fed has run out of fiat US Dollars and was not allowed to print anymore because of the excessive National Debt).
Sun. 19 Nov. 2023 is the Global Currency Reset implementation date for HSBC, JP Morgan, Citi Bank, Credit Swisse, Wells Fargo, Bank of America and other major financial institutions around the World.
Starting 1 Jan. 2024 the fiat US Dollar would be replaced by the gold/asset-backed US Note; all such gold/asset-backed currencies across the Globe would be on par 1:1 with each other, Social Security benefits will be much higher and the SS R&R payments would start on a monthly basis.
In the next three to six months the Rodriguez Trust will begin to administer “universal basic income” for citizens of all GESARA-compliant countries. The amount per individual or family will depend on the status, needs, employment level and age of the person/family and will work to encourage people to work if they can.
Global Currency Reset:
Fri. 10 Nov. MarkZ: “I continue to hear that they are positioned and we should get an announcement over the weekend and exchanges should start on Tuesday (14 Nov.) That is what I am hearing. The chatter is great. But I find it difficult to believe that anyone knows the exact date…for security reasons… My gut is saying we are close. And Iraq has put themselves in a position that it is time to go.”
Fri. 10 Nov. Texas Snake: Current anticipation speculation is suggesting that the codes have been released and that our notifications will occur late Fri. or early Sat. morning (10, 11 Nov.) with appointment scheduling to follow with exchanges to commence Tues. of next week (14 Nov.) and following. Stay grounded. This is actually our time. …I am going to share what the banker has shared with me: The CBI has been in communication with our Treasury regarding the new in country rate to be announced. The most important steps being followed right now is the security measures to be followed at the various exchange locations nationwide to insure everyone’s safety during our exchange procedures. It is anticipated the announcement will be brought forward this evening (Fri. 10 Nov.) or early Saturday morning (Sat. 11 Nov.). The 800 numbers then published to call and provide a ZIP CODE for the city you personally wish to exchange in as well as the banking institution of your choice. You may receive a second 800 number during this call but most likely you will be asked for your email address to have the 800 number sent to you via email.
Thurs. 9 Nov. Bruce: On Wed. 8 Nov. the Military gave the GCR a go ahead, the Green Light from Treasury was turned on and Activation Codes were sent to the US Treasury. On that same Wed. Codes were entered into the Redemption Centers that allowed the new currency rates to go from the back screens to the front screens. Tier 4b (us, the Internet Group) could have notifications to set appointments for exchange/ redemptions as early as Fri. 10 Nov. late morning. Redemption Centers will be open every day for the next two weeks. Some Redemption Centers in Florida and Texas will be open 24/7. RV exchanges started in the UK and France today
Thurs. 9 Nov.
Recent History of the Global Currency Reset:
Overnight Sun. 15 Oct. the Banks completed the remaining layers of payments, plus the IMF and World Bank held their last meeting.
By Mon. 16 Oct. the Iraqi Dinar had revalued and began trading on the back screens of the Forex.
On Fri. 27 Oct. the Dinar went international according to Alex Collier and the US began pulling 3,600 US troops out of Iraq so Iraq could declare Iraq a Sovereign Nation.
Around Mon. 30 Oct. the country of Columbia revalued their currency – so now we have at least two countries – Iraq and Columbia – which have revalued their currencies, perhaps more.
Oct. 31 All Hallows Eve Middle Eastern nations no longer accepting the fiat Petro US Dollar for oil trade, was expected to soon cause a devastating Stock Market Crash – bringing in the need for a Global Currency Reset.
On Thurs. 2 Nov. Donald Trump posted “It’s Time” and stated that the biggest event we will have in this country will happen this month of November 2023.
Fri. 3 Nov. 10:42 am: Dubai International Financial Center gave Greenlight for XRP and the House Financial Services Committee passed a bill to prevent the Federal Reserve from creating a Central Bank digital currency.
Sat. 4 Nov. NESARA/GESARA was activated; the US was no longer privately owned by foreign entities and under the Restored Republic (designed after the Republic of 1873); the gold/asset-backed BRICS countries were paying with their own currency for international trade (the demise of the fiat US Dollar) and the new gold/asset-backed US Note went live according to Dr. Charlie Ward, Head of the Redemption Committee for the Global Currency Reset.
Wed. 8 Nov. the Military gave the GCR a go ahead; the Green Light from the US Treasury was turned on; Activation Codes were sent to the US Treasury; the Iraqi Government released to the US Treasury the new International Rate for their Dinar and Codes were entered at the Redemption Centers that allowed the new currency rates to go from the back screens to the front screens.
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 evening everyone! Hopeful for amazing news from MarkZ! Let's git-r-dun!
Member: Welcome to yet another weekend
MZ: Not a whole lot of news today. I did get to speak to a redemption center contact . They are on call this weekend…..so nothing special. But,, if what we are hearing is accurate…. and we are not expected to go in until early next week….then that makes sense.
MZ: If what many are hearing is accurate – there is no need for them to work this weekend. I don’t have contacts in the call centers…..just the trained bank personnel that will be working with the exchanges.
MZ: Mr. C has not gone……Have not heard any news on rates like the dong , pengo, rupee, rupiah ect……
MZ: The only real update I have for you is I continue to hear positive stuff for this weekend and many hope this is it. The good lord knows we need it.
Member: Give us your gut feeling
MZ: My gut is still screaming we are almost there….You can see it, feel it , taste it…you know it is almost there.
Member: Moody;’s just downgraded the US credit rating.
MZ: That is huge.
MZ: Nader dropped a good one today talking about how its not possible to import the dollar and secure it in the local market without registering the dinar in the basket of Arab and International currencies. This is a huge one …….The minister made it very clear that without an international currency ..the US and the Fed can only expect so much. In other words they need a fully international dinar NOW and its long overdue for them. If they have an international currency they can buy the other foreign currencies they need.
MZ: Be sure to listen to Nader and like and share it……
Member: Dear God…Let this be a wonderful Christmas Season….Please let the RV go………
Member: I feel it, things are shifting! We are about to feel abundance, all of us! It is so close!
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
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home
Iraq is at a crossroads. Will it choose its Shia militias or relations with the US?
Shafaq News/ In the heart of the tumultuous Middle East, Iraq finds itself at a crossroads, grappling with the complex dynamics of the Hamas-Israel conflict while trying to navigate the intricate relationships between its Shia militias and the United States. As history demonstrates, geopolitics and domestic considerations converge, with Iraq facing a high-stakes balancing act that carries profound implications for its relations with the United States and regional stability.
Iraq stands out as the sole Arab state that has steadfastly refused to sign an armistice agreement with Israel since the 1948 Arab-Israeli War. Technically, Iraq remains in a state of war with Israel—a historical enmity that significantly influences its stance in the present conflict. Iraq not only refuses to recognize Israel as a state but has also passed laws criminalizing any ties with the country. This long-standing antagonism forms the backdrop against which Iraq’s current position on the Hamas-Israel conflict is crafted.
Amid the surprising attack by Hamas on October 7, Iraq faced conflicting positions. The official stance of the Iraqi government is centered on diplomatic efforts to end the conflict, advocating for Palestinian statehood in the long term, and creating open humanitarian corridors for Gazans. Parliament Speaker Mohamed Al-Halbousi called for an Arab parliament summit in Baghdad, highlighting Iraq’s proactive approach to addressing regional conflicts.
On the day of Hamas’s attack, the Iraqi government issued a statement reaffirming Baghdad’s unwavering commitment to the Palestinian cause. It blamed Israel for the consequences of the attack as “a natural result of the systematic oppression they have been subjected to since ancient times at the hands of the Zionist [Israel] occupation authority.” It emphasized that Iraq stands with the Palestinian people in their pursuit of legitimate rights and unequivocally condemned any injustices and usurpations that obstruct the path to Palestinian statehood.
Furthermore, Iraqi Prime Minister Mohammed Shia al-Sudani engaged in a significant diplomatic move by initiating a phone call with Arab and regional leaders. He also received a call from US President Joe Biden on October 16, reflecting the United States’ realization of the Gaza conflict’s impact on the entire region and Iraq’s role. Their discussion primarily revolved around the situation in Gaza, with Sudani urging President Biden to support opening a humanitarian corridor in Gaza and emphasizing the need for international intervention in the face of escalating hostilities.
Challenges in Iraq-US relations
The United States has a history of tensions and confrontations with several Iraqi Shia armed groups that are integral to the Iraqi political process while operating independently from its military apparatus. These militias—many of them aligned with Iran—have been involved in multiple attacks on US interests in Iraq and Syria over the last seven years. However, since the inauguration of Prime Minister Sudani in October 2022, tensions between the United States and these groups in Iraq have significantly decreased. This reduction can be attributed partly to the majority of these armed groups aligning with Sudani’s coalition to form a government, necessitating a temporary truce with the United States.
However, the conflict in Gaza adds complexity to Iraq’s relationship with the United States, especially as various armed groups and political figures have already resumed rocket and drone attacks on US interests in Iraq since October 7. This threat is poised to intensify as long as the Hamas-Israel conflict continues. Several pro-Iranian Iraqi militia commanders, including prominent figures like Hadi al-Amiri of the Badr Brigade and groups like Kataib Hezbollah, have issued belligerent statements praising Hamas’s attack and made threats against US interests in Iraq should the United States intervene on Israel’s behalf.
Additionally, Muqtada al-Sadr, an influential Shia cleric and a significant political voice within Iraq, called on the Iraqi government to formally end the US mission in Iraq and close the embassy. However, he rejected violent methods to target US diplomats but warned that he would consider taking other measures if the Iraqi government did not respond to his request. This is partly related to the intra-Shia rivalry between Pro-Iranian camps and the Sadr bloc. However, the Palestinian issue remains a sensitive and popular topic in Iraq, garnering support from most Iraqi political figures.
Moreover, the US remains a crucial partner for Iraq in the fight against the Islamic State of Iraq and al-Sham (ISIS). Iraq’s economy also highly depends on its relations with the United States and Iraq’s central bank heavily relies on US Federal Reserve policies and access to its $100 billion foreign currency reserve. Another element to consider is how, despite US sanctions on Iran, the United States granted Iraq certain sanctions waivers—such as for electricity—to conduct business with Tehran. These examples all highlight the importance of the US-Iraq relationship.
Iraq’s stability at stake
US Secretary of State Antony Blinken’s November 5 visit to Baghdad holds immense significance given that Iraq is and will continue to be impacted by the Gaza war. Iraq stands out as the only country in the region that accommodates thousands of US forces and historically anti-US, pro-Iranian armed groups, underscoring Iraq’s exceptional and precarious role in the broader geopolitical landscape. Consequently, Prime Minister Sudani faces an exceptionally challenging predicament: he must maintain a delicate balance between the interests of the United States and the armed groups that serve as partners within his government while having significant political leverage over it.
Therefore, inaction by Sudani to meet the demands of various actors within Iraq is not an option. That may lead to him being removed from office, causing political and security instability in the country and further complicating the fragile situation. This poses a risk to US-Iraq relations and the broader Middle East, as it becomes increasingly complex for the prime minister to balance the demands of influential militias while maintaining the relationship with the United States. This nuanced situation underscores the critical importance of Secretary Blinken’s visit in navigating these complex dynamics and promoting stability in the region.
Prime Minister Sudani knows the value of US ties and has shown support for continuous US troop presence in Iraq. However, as the Gaza war escalates, the prime minister may lose control and come under massive pressure from within his coalition and his rivals like Sadr. In this precarious environment, a peaceful diplomatic solution remains the most prudent method to avoid further instability and spillover of the conflict to the wider region.
There's only one thing we're waiting for - Sudani to introduce the new exchange rate. [People say] Well no Frank, we're waiting for the new exchange rate to get to Sudani from Alaq. [No.] they already got it...Sudani took it to New York and the Untied States Treasury and they looked at it and they said, wow! Okay, go home and get it done... And he came home.
Question "Will the dinar continue to float after the RI?" Well that is the process...After the reinstatement of the Iraqi dinar internally then it'll float externally in all the markets...
Purchasing power, that's what the citizens of Iraq feel like right now. They buy things but they are not getting their money's worth.
[Iraq boots-on-the-ground report] FIREFLY: Television is saying the Central Bank of Iraq is allowing foreign countries and currencies to trade now inside of Iraq banks...
[Community Member Bank Story]
I believe banking experiences are driven by the individual location and especially the training level of the bankers. I mentioned my investment to a baker at Chase yesterday, and she immediately dug out a "Private Client" business card, different than the one on her desk. She said "When that happens, call me."