Afternoon News with MarkZ. 12/14/2023

Thursday Afternoon Chat with MarkZ 

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: Good Afternoon Mark.!! Glad you’re safe.!!

MZ: I’m at the airport and hope the background noise isn’t too loud for you. 

Member: Mark Z. Sound is good and we’re glad you’re good. Let’s get some good news there’s a lot of chatter out there.

Member: Bond holders around us say the feel very optimistic it's soon… was the news we got yesterday

MZ: Most of my Iraqi people think we are within a couple of days. 

MZ: My banking people think we are within a couple of days. Just remember we don’t know the timing. But I am super excited. 

Member: Frank26 said Iraq last changed their rate on 12/20/22. Seems they like that date.

Member: And Iraq will spend the other 80% of their budget right after that…wihin 5 days. Between the 20th and 25th…..

Member: It seems 2 me, IRAQ set the 20th 4 the flip. if they R going to spend the 80% at that time, retroactive to 1-1-23, wouldn't they want that CURRENCY VALUE 2 B much HIGHER?

Member: Frank26 said that they are making the 80% retro active back to Jan 1 and this would spend it all

MZ: In Iraq:  “Central Bank achieves a new step in the right direction to regulate foreign trade.” 

MZ: Also the CBI just wrapped up meetings with the US Treasury and the Federal Reserve about “ Becoming International” and they are content with the changes they have made for Iraq to be fully recognized internationally. 

Member: I heard a rumor that the IMF has approved everything……and is done

Member: I heard the dong will come out at .47…Seems a bit odd as I thought it would come out closer to the dinar since they own so much of each others currency? 

MZ: When we first got into this and looked at the Vietnamese dong we were hopeful it would come out around.30 to .36 cents. Which is still amazing. But I have not heard it was going to be that low. I am still hearing it will be between $2 and $3. 

Member: Recently we've heard 11 million per 100T Zim. Is this the guru consensus or can we expect the previous range of 30-50M?? Is there a humanitarian trust to fund YUGE global projects?

MZ: That is not the consensus. I have one source who thinks it will be $41 million per one 100T note ….Others still claim it will be somewhere around $30 million per one 100T note. Reality is no one will know the rate until we get to the finish line. 

Member: I am crossing my fingers, toes, leg & my eyes lol… that this is it, we are about to cross the finish line.

Member: Thank You So Much for all you do for us MarkZ…Safe travels. 

StacieZ joins the stream towards the end. Please listen to the replay for her information. 

THE INFO IN THIS PODCAST IS FOR GENERAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN THE GROUP OPINION ONLY

STAY IN THE KNOW:FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

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

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! HOPEFULLY SEE YOU ALL IN THE MORNING ~ UNLESS BREAKING NEWS HAPPENS!

What's Driving the Iraqi Dinar Exchange Rate #iqd Exchange Rate BY SANDY INGRAM

Dubai is hosting a meeting of delegations from the Iraqi Central Bank, the Federal Reserve, and the US Treasury, 14 DEC

 Dubai is hosting a meeting of delegations from the Iraqi Central Bank, the Federal Reserve, and the US Treasury, 14 DEC

Today, Thursday (December 14, 2023), the Central Bank of Iraq announced the end of its meetings with the delegation of the Federal Reserve and the US Department of the Treasury in Dubai.

The bank's media office stated in a statement received by "Baghdad Al-Youm", that "the delegation of the Central Bank of Iraq concluded its meetings with the delegation of the US Federal Reserve and the US Treasury Department in Dubai."

He added, "Representatives of the US Federal Reserve and the US Treasury appreciated the efforts made by the Central Bank of Iraq during the year 2023 to achieve compliance with the Iraqi banking system."

He pointed out that "the meetings resulted in a number of agreements related to supporting the policies of the Central Bank of Iraq in its orientation to support Iraqi banks in establishing relationships with correspondent banks and the gradual transition of operations to enhance the advance balance of the accounts of these banks, and this is consistent with what the Central Bank of Iraq previously announced in its plan to gradually reduce From relying on the electronic platform to ending its work within the next year and limiting it to recording financial transfers for the purposes of control, auditing and analysis.”

According to the statement, the Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed that “the Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices,” while the statement explained that “it was agreed and approved by the above authorities to meet the requests of the Central Bank of Iraq for cash shipments for the year 2024".

He pointed out that "the meetings witnessed a number of understandings that aim to build the capabilities of Iraqi banks and enhance their compliance with international standards."  link

"RV UPDATE: BEAVER WEST VIRGINIA CHASE BANK STORY", 14 DEC

 Frank26 

 [Beaver West Virginia Chase Bank Story]

  BANK STORY LADY:  ...I got into the wealth department...The lady was very pleasant and nice and she said, ma'am I do have the currency...She explained they should be all set up a week from Friday. 

 FRANK:  I guess it's no secret.  

Bank Story Lady:  I said I would love to be your customer.  You respect me, I will respect you...I asked what would I need to do?  She says just come right up in here to this branch office and we'll take care of you.  

FRANK:  They're ready to do exchange with any foreign currency but they're not ready for the dinar until a week from this Friday.  

Bank Story Lady: ...I said I do have dinars, but I do have others...[she says] Yes ma'am we should be ready a week from Friday. 

 FRANK:  They didn't deny the dinar will be exchangeable, they told you we'll be ready for the dinar a week from this Friday...that's the 21st or 22nd...

Parliamentary Budget: 2024 Will Not Stop The Disbursement Of The Tripartite Budget, 14 DEC

Parliamentary Budget: 2024 Will Not Stop The Disbursement Of The Tripartite Budget

December 13, 2023  Baghdad/Al-Masala Al-Hadath: The Parliamentary Finance Committee confirmed that the entry into the new year 2024 will not stop the disbursement of funds from the tripartite budget, given that it was approved for three years.

The head of the committee, Atwan Al-Atwani, said that the committee approved a tripartite government budget and there is no interruption in spending and disbursement, given that the approved budget is for (3) years to ensure the continuation of spending and contracting and the continuity of the government’s work throughout its years without faltering, as happened in the past and led to the budget being delayed for more than 6 months.

He added that with regard to the 2024 budget, the committee is communicating with the government while awaiting its schedules, and it is possible to complete the issue as soon as possible with the aim of sending it to the House of Representatives for a vote.

On June 12, the House of Representatives voted on the draft general budget law for the fiscal years (2023, 2024, 2025), after deliberations that began last Thursday.

The value of the current year’s budget amounts to 197 trillion and 828 billion dinars (about 152.2 billion dollars), with a total deficit of 64.36 trillion dinars (49 billion dollars), while the budget items for the years 2023 and 2024 have not been published.

The current year's budget estimates the price of a barrel of oil at $70, with a daily export volume of 3.5 million barrels per day, including 400,000 barrels per day from the Kurdistan region of Iraq.

Iraq is the second largest producer of crude oil in OPEC after Saudi Arabia, with an average daily production of 4.6 million barrels under normal conditions. https://almasalah.com/archives/76102  

Afternoon News with MarkZ. 12/14/2023

"MY CONVERSATION WITH CBI CONTACT" BY MNT GOAT, 14 DEC

 My Conversation with my CBI Contact 12/13/23:

As you know I try to talk to my Iraqi CBI contact each week on Wednesdays and sometimes also on Saturdays. My contact is a very god friend that I met when I was stationed in Iraq during the occupation timeframe. I trust what my contact says to me. Besides we are getting information first hand from an actual citizen living, working and experiencing everything happening in Iraq without bias or propaganda.

We began our conversation with talk about the disputes going on with the US forces and all the bombings. This is important I was told. Who is conducting the bombings and does the US forces have a right to protect themselves? It was confirmed to me that this is all a movement to rid Iraq once again of US forces. There is lots of propaganda being told to the people about this to get pressure on the government to rid them of the US.

 Remember too, the Iranian militia has remained in Iraq post ISIS war. That was over 16 years already since the war ended (2007) and so many look at them now as Arabic, Moslum brothers compared to the western armed forces, at least this is what many Iranian Shia think. Remember there are patriotic Shia and then there are Iranian Shia. This is the middle eastern culture. But even the citizens are afraid (mostly Sunni) of what will happen if the US forces do pull out entirely again. Who will fill the gap this time as there will be a gap and the Iraqi forces are not strong enough yet. It is like a double-edged sword. You can’t have your cake and eat it too. So many Iraqi people are confused.

This time, if the US does pull out, it is widely felt by the average citizen the Iranian Hezbollah militia forces and not ISIS the citizens will fear the most. They walk the streets in their uniforms with arms. They claim they are still here to protect the Iraqi people from ISIS. Really? But, my contact says this is just an excuse to occupy Iraq and a contradiction. Like the US forces, but there are even more Iranians, they too are occupiers. My contact does not understand why the US does not challenge them as occupiers too and put this issue on the table with the government.

Then we changed the subject and talked about the currency reform. I asked about the impact of the confrontations with the US over their military stationed in Iraq. I was told the situation it does impact the progress of the planned events for December as the committee was brought into a meeting with the leadership and told everything was now “on hold”. I know, I know I too was a bit shocked at the news and did not like it. But I know for a fact that January is the best and most opportune time to revalue and drastically change the program rate to an international rate on the global exchanges. But the program rate is already on a pseudo-float within the country.

I asked what the next targeted steps where and I was told that the committee does not even know and were told just to standby and the CBI is going to try to “push” to continue as they are ready for the next step in the process. I was told the IMF is negotiating the new peg for the dinar but to remember it impacts all countries in this new peg not just Iraq.  I was told this is close to being completed an should be done this week ending. This lines us up for next week to begin the currency sway out, but they told me it is delayed until further notice.  So, at least we now have a timeline when they did plan it and still could do it based on what happens with the US bombing issue. My contact did reiterate that the process now is irreversible” and must go forward. The US had already given assurances they would not back out if the CBI moved ahead. So all I can say is let’s sit tight and watch what does happen in the coming week.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/