Monday, August 19, 2024

MAJOR IRAQ UPDATE BY ARIEL, 19 AUGUST

ARIEL

MAJOR IRAQ  UPDATE

 Important Update on the Iraqi Dinar 

(Someone is about to get very rich) Is that you? If so, keep reading. 

Translated directly from the CBI document:

All authorized banks are approved

All electronic payment companies are approved Exchange companies of categories A and B

Procedures for the work of agents of external transfer service providers 

Greetings


Based on the supervisory and supervisory role of this bank. 


 "We too have the privilege of being part of the LGBTQ community.

 ๐™Ž๐™ค ๐™ง๐™š๐™ข๐™ž๐™ฉ๐™–๐™ฃ๐™˜๐™žรณ๐™ฃ ๐™จ๐™š๐™ง๐™ซ๐™ž๐™˜๐™ž๐™ค๐™จ ๐™š๐™ฃ ๐™ก๐™ž๐™œ๐™ž๐™ค ๐™š๐™จ๐™ฉ๐™–๐™™๐™ค ๐™™๐™š๐™ซ๐™š๐™ก๐™ค๐™ฅ๐™ข๐™š๐™ฃ๐™ฉ๐™š ๐™š๐™จ๐™ฉ๐™–๐™™๐™ค ๐™š๐™ก ๐™ฅ๐™–๐™ง๐™– ๐™™๐™š๐™ซ๐™š๐™ก๐™ค๐™ฅ๐™ข๐™š๐™ฃ๐™ฉ๐™š ๐™š๐™จ๐™ฉ๐™–๐™™๐™ค  ๐™Ž๐™ค ๐™š๐™จ๐™ฉ๐™–๐™™๐™ค ๐™š๐™จ ๐™ฉ๐™ง๐™–๐™ฃ๐™จ๐™›๐™š๐™ง ๐™š๐™จ ๐™ก๐™ž๐™ข๐™ž๐™ฉ๐™ค ๐™ก๐™ž๐™ข๐™ž๐™ฉ๐™ค ๐™ก๐™ž๐™ข๐™ž๐™ฉ๐™ค ๐™ก๐™ž๐™ข๐™ž๐™ฉ๐™ค ๐™ก๐™ž๐™ฃ๐™จ๐™ช๐™ง๐™š ๐™š๐™จ ๐™ก๐™–๐™จ ๐™ก๐™–๐™จ ๐™ก๐™–๐™จ ๐™ก๐™–๐™จ ๐™ก๐™–๐™จ  ๐™ฟ๐šŠ๐š›๐šŽ๐šœ ๐šŒ๐š˜๐š— ๐š๐šŽ ๐š•๐š˜๐šœ ๐šš๐šž๐šŽ ๐šŽ๐šœ๐š๐š›๐š˜๐šœ ...๐šŠ๐š›๐šŽ๐š›๐šŠ๐šœ ๐š๐šŽ ๐š•๐š˜๐šœ ๐šš๐šž๐šŽ ๐šŽ๐šœ๐š๐š›๐š˜๐šœ ๐š๐šŽ ๐š๐šž ๐š•๐šŠ๐šœ ๐šš๐šž๐šŽ ๐šŽ๐šœ๐š๐š›๐š˜๐šœ ๐š๐šŽ ๐š™๐šŠ๐š›๐šŽ๐šœ๐š’๐šŠ๐š๐š˜  ๐™™๐™ž๐™›๐™š๐™ง๐™š๐™ฃ๐™˜๐™ž๐™ค". ๐™š๐™จ ๐™™๐™š๐™˜๐™ž๐™ค๐™ฃ๐™ค ๐™ฉ๐™–๐™™๐™– ๐™ฎ๐™ค๐™ช ๐™ฌ๐™ž๐™ก๐™ก ๐™ค๐™—๐™ฉ๐™–๐™ž๐™ฃ ๐™ซ๐™–๐™ก๐™ž๐™™ ๐™ง๐™š๐™จ๐™ž๐™™๐™š๐™ฃ๐™˜๐™ž๐™ค๐™จ  ๐™Ž๐™ค ๐™ฃ๐™ค๐™ฃ-๐™„๐™ง๐™–๐™ฆ๐™ช๐™š (F๐™š๐™ž๐™œ๐™ž๐™ค) ๐™š๐™จ ๐™ฅ๐™ช๐™ง๐™ฅ๐™ค๐™จ๐™š ๐™š๐™จ๐™ฉ๐™–๐™™๐™ค ๐™š๐™จ ๐™ฅ๐™ช๐™ง๐™ฅ๐™ค๐™จ๐™š ๐™˜๐™ค๐™ข๐™ฅ๐™ก๐™š๐™ฉ๐™ž๐™ฃ๐™œ๐™ž๐™ค  ๐™Ž๐™ค, ๐™ฅ๐™ง๐™ค๐™ซ๐™ž๐™™๐™š๐™™ ๐™š๐™จ ๐™ฉ๐™๐™–๐™ฉ ๐™ฉ๐™๐™š๐™จ๐™š ๐™จ๐™ช๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉ๐™ž๐™ฃ๐™œ๐™ž๐™ค ๐™™๐™š ๐™š๐™˜๐™ช๐™ข๐™š๐™ฃ๐™ฉ๐™š ๐™ง๐™š๐™ฅ๐™ง๐™š๐™จ๐™š๐™ฃ๐™ฉ๐™š  ๐™Ž๐™ช ๐™š๐™ก๐™– ๐™ง๐™š๐™ฆ๐™ช๐™ž๐™ง๐™š๐™ข๐™š๐™ฃ๐™ฉ๐™š ๐™–๐™ฃ๐™™ ๐™˜๐™–๐™ฃ๐™–๐™จ ๐™–๐™ฃ๐™™๐™ค ๐™˜๐™–๐™ฃ๐™–๐™จ ๐™–๐™™๐™™๐™ž๐™ฉ๐™ž๐™ค๐™ฃ๐™–๐™ก  "๐™ฃ๐™š๐™˜๐™š๐™จ๐™จ๐™–๐™ง๐™ฎ ๐™ฉ๐™ค ๐™–๐™˜๐™ฉ ๐™–๐™˜๐™˜๐™ž๐™ฃ๐™–๐™™๐™ค"

Read this part a thousand times over and over again. Because? Because they are speaking directly to you. ๐Ÿค‘

Gratefully.

This is more from the CBI detailing procedures for A and B licensed exchange companies making exchanges for ๐™ฃ๐™ค๐™ฃ-๐™„๐™ง๐™–๐™ฆ๐™ช๐™š๐™ง๐™š๐™จ.  This is ONLY for Iraq. It does not correlate with any currency reclassifications (remember they don't exist) or any rate movements. It is simply an official notice from the CBI for the procedures to be followed by bank personnel making the changes. Now they demand a ๐™‹๐˜ผ๐™Ž๐™Ž๐™‹๐™Š๐™๐™๐™€ and a ๐™ซ๐™–๐™ก๐™ž๐™™ ๐™ง๐™š๐™จ๐™ž๐™™๐™š๐™ฃ๐™˜๐™ž๐™ค๐™จ. 

What is an A B categorization?

 Directly from the CBI from 2021 LINK and more LINK and more LINK 

Bank ratings or classifications: In some countries, financial institutions or currencies can be classified into different groups (A, B, etc.) based on their stability, solvency or risk level. 


For example: 

Category A: Could refer to banks or financial products with higher and more stable ratings with lower risk.

Category B: could denote institutions or products with slightly higher risk but still acceptable within certain regulatory frameworks.

๐Ÿ”— https://cbi.iq/news/view/2638

TRANSLATION IN SPANISH

 Actualizaciรณn importante sobre el dinar iraquรญ 


(Alguien estรก a punto de hacerse muy rico) ¿Eres tรบ? Si es asรญ, sigue leyendo. 


Traducido directamente del documento del CBI:


Todos los bancos autorizados estรกn aprobados

Todas las empresas de pago electrรณnico estรกn aprobadas Empresas de cambio de las categorรญas A y B


Procedimientos para el trabajo de los agentes de los proveedores de servicios de transferencia externos 


Saludos


Basado en el papel supervisor y supervisor de este banco. 


 "Nosotros tambiรฉn tenemos el privilegio de ser parte de la comunidad LGBTQ.  ๐™Ž๐™ค ๐™ง๐™š๐™ข๐™ž๐™ฉ๐™–๐™ฃ๐™˜๐™žรณ๐™ฃ ๐™จ๐™š๐™ง๐™ซ๐™ž๐™˜๐™ž๐™ค๐™จ ๐™š๐™ฃ ๐™ก๐™ž๐™œ๐™ž๐™ค ๐™š๐™จ๐™ฉ๐™–๐™™๐™ค ๐™™๐™š๐™ซ๐™š๐™ก๐™ค๐™ฅ๐™ข๐™š๐™ฃ๐™ฉ๐™š ๐™š๐™จ๐™ฉ๐™–๐™™๐™ค ๐™š๐™ก ๐™ฅ๐™–๐™ง๐™– ๐™™๐™š๐™ซ๐™š๐™ก๐™ค๐™ฅ๐™ข๐™š๐™ฃ๐™ฉ๐™š ๐™š๐™จ๐™ฉ๐™–๐™™๐™ค  ๐™Ž๐™ค ๐™š๐™จ๐™ฉ๐™–๐™™๐™ค ๐™š๐™จ ๐™ฉ๐™ง๐™–๐™ฃ๐™จ๐™›๐™š๐™ง ๐™š๐™จ ๐™ก๐™ž๐™ข๐™ž๐™ฉ๐™ค ๐™ก๐™ž๐™ข๐™ž๐™ฉ๐™ค ๐™ก๐™ž๐™ข๐™ž๐™ฉ๐™ค ๐™ก๐™ž๐™ข๐™ž๐™ฉ๐™ค ๐™ก๐™ž๐™ฃ๐™จ๐™ช๐™ง๐™š ๐™š๐™จ ๐™ก๐™–๐™จ ๐™ก๐™–๐™จ ๐™ก๐™–๐™จ ๐™ก๐™–๐™จ ๐™ก๐™–๐™จ  ๐™ฟ๐šŠ๐š›๐šŽ๐šœ ๐šŒ๐š˜๐š— ๐š๐šŽ ๐š•๐š˜๐šœ ๐šš๐šž๐šŽ ๐šŽ๐šœ๐š๐š›๐š˜๐šœ ...๐šŠ๐š›๐šŽ๐š›๐šŠ๐šœ ๐š๐šŽ ๐š•๐š˜๐šœ ๐šš๐šž๐šŽ ๐šŽ๐šœ๐š๐š›๐š˜๐šœ ๐š๐šŽ ๐š๐šž ๐š•๐šŠ๐šœ ๐šš๐šž๐šŽ ๐šŽ๐šœ๐š๐š›๐š˜๐šœ ๐š๐šŽ ๐š™๐šŠ๐š›๐šŽ๐šœ๐š’๐šŠ๐š๐š˜  ๐™™๐™ž๐™›๐™š๐™ง๐™š๐™ฃ๐™˜๐™ž๐™ค". ๐™š๐™จ ๐™™๐™š๐™˜๐™ž๐™ค๐™ฃ๐™ค ๐™ฉ๐™–๐™™๐™– ๐™ฎ๐™ค๐™ช ๐™ฌ๐™ž๐™ก๐™ก ๐™ค๐™—๐™ฉ๐™–๐™ž๐™ฃ ๐™ซ๐™–๐™ก๐™ž๐™™ ๐™ง๐™š๐™จ๐™ž๐™™๐™š๐™ฃ๐™˜๐™ž๐™ค๐™จ  ๐™Ž๐™ค ๐™ฃ๐™ค๐™ฃ-๐™„๐™ง๐™–๐™ฆ๐™ช๐™š (F๐™š๐™ž๐™œ๐™ž๐™ค) ๐™š๐™จ ๐™ฅ๐™ช๐™ง๐™ฅ๐™ค๐™จ๐™š ๐™š๐™จ๐™ฉ๐™–๐™™๐™ค ๐™š๐™จ ๐™ฅ๐™ช๐™ง๐™ฅ๐™ค๐™จ๐™š ๐™˜๐™ค๐™ข๐™ฅ๐™ก๐™š๐™ฉ๐™ž๐™ฃ๐™œ๐™ž๐™ค  ๐™Ž๐™ค, ๐™ฅ๐™ง๐™ค๐™ซ๐™ž๐™™๐™š๐™™ ๐™š๐™จ ๐™ฉ๐™๐™–๐™ฉ ๐™ฉ๐™๐™š๐™จ๐™š ๐™จ๐™ช๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉ๐™ž๐™ฃ๐™œ๐™ž๐™ค ๐™™๐™š ๐™š๐™˜๐™ช๐™ข๐™š๐™ฃ๐™ฉ๐™š ๐™ง๐™š๐™ฅ๐™ง๐™š๐™จ๐™š๐™ฃ๐™ฉ๐™š  ๐™Ž๐™ช ๐™š๐™ก๐™– ๐™ง๐™š๐™ฆ๐™ช๐™ž๐™ง๐™š๐™ข๐™š๐™ฃ๐™ฉ๐™š ๐™–๐™ฃ๐™™ ๐™˜๐™–๐™ฃ๐™–๐™จ ๐™–๐™ฃ๐™™๐™ค ๐™˜๐™–๐™ฃ๐™–๐™จ ๐™–๐™™๐™™๐™ž๐™ฉ๐™ž๐™ค๐™ฃ๐™–๐™ก  "๐™ฃ๐™š๐™˜๐™š๐™จ๐™จ๐™–๐™ง๐™ฎ ๐™ฉ๐™ค ๐™–๐™˜๐™ฉ ๐™–๐™˜๐™˜๐™ž๐™ฃ๐™–๐™™๐™ค". Lea esta parte mil veces una y otra vez. ¿Por quรฉ? Porque le estรกn hablando directamente a usted. ๐Ÿค‘


Con agradecimiento.


Esto es mรกs del CBI que detalla los procedimientos para las compaรฑรญas de cambio con licencia A y B que realizan cambios para ๐™ฃ๐™ค๐™ฃ-๐™„๐™ง๐™–๐™ฆ๐™ช๐™š๐™ง๐™š๐™จ.  Esto es SOLO para Irak. No se correlaciona con ninguna reclasificaciรณn de monedas (recuerde que no existen) ni con ningรบn movimiento de tasas. Es simplemente un aviso oficial del CBI para los procedimientos que debe seguir el personal bancario que realiza los cambios. Ahora exigen una ๐™‹๐˜ผ๐™Ž๐™Ž๐™‹๐™Š๐™๐™๐™€ y una ๐™ซ๐™–๐™ก๐™ž๐™™ ๐™ง๐™š๐™จ๐™ž๐™™๐™š๐™ฃ๐™˜๐™ž๐™ค๐™จ. 


¿Quรฉ es una categorizaciรณn A B?

 Directamente desde el CBI a partir de 2021 ENLACE y mรกs ENLACE y mรกs ENLACE 


Calificaciones o clasificaciones bancarias: en algunos paรญses, las instituciones financieras o las monedas pueden clasificarse en diferentes grupos (A, B, etc.) segรบn su estabilidad, solvencia o nivel de riesgo. 


Por ejemplo: 


Categorรญa A: podrรญa referirse a bancos o productos financieros con calificaciones mรกs altas y mรกs estables con menor riesgo.


Categorรญa B: podrรญa denotar instituciones o productos con un riesgo ligeramente mayor pero aรบn aceptable dentro de ciertos marcos regulatorios.


๐Ÿ”— https://cbi.iq/news/view/2638


COFFEE WITH MARKZ AND ZESTER, 19 AUGUST

 Coffee with Zester

Some highlights by PDK-Not verbatim

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:  GM Zester, mods, and RV family

Zester I am hoping this is the week we are all blessed.

Zester: Pops (MarkZ) is currency undergoing the stem cell treatment. He is in good spirits. He will give an update as soon as he can about the first treatment. Please keep pops in your thoughts and prayers.

Zester: MilitiaMan gave a great update on articles last night (Be sure to go listen)

Zester:  “ CBI sells $271 million in forex on Monday”  This is $271 million dollars for Iraqi dinar. This is a regular occurance via the auctions. This article

Zester We are expecting a bond update tomorrow mid-day.

Member: Anyone else think it would be massively ironic if the RV happened while MarkZ is away?!

Member: Zester- when do you think the RV will happen?

Zester: I always thought it would be great fun for it to happen while pops is on a break…keeping my fingers crossed it happens in the next couple of days…but, no one knows…..If it was my choice it would have happened years ago. But I am confident it will happen.

Member: MarkZ said on Saturday to watch today and tomorrow for possible big bond news…..so thanks Zester for keeping us posted.

Member: IMO it will happen between today and Weds. Watch for something big to happen today

Member: IMO- Iraq wants its money valued as high as possible in order to benefit its people and to entice other countries’ to invest in Iraq and be willing to bring heavy equipment to build buildings, bridges

Member: Zester thank you for your dedication and hard work

Member: Prayers for pops…..for healing and recovery….everyone have a great day.

Stacie Z joins the stream today . Be sure to listen to the replay for her information

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 ONLYNote from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!


Government Advisor: “Petro Dinar” Requires Good Stock of Foreign Currencies and Gold , 19 AUGUST

 Government Advisor: “Petro Dinar” Requires Good Stock of Foreign Currencies and Gold

The Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, explained today, Sunday, that "the adoption of the dinar in pricing oil, or what is called (petro dinar), requires, first of all, the availability of foreign reserve currencies or gold, as Russia did when it purchased Russian oil with gold-backed rubles, which caused problems that we will discuss later."

He added in press statements that "these foreign reserves must be available (as a necessary condition) and operate according to a high standard of efficiency that guarantees the stability of the exchange rate linked to oil (the petro dinar) in order to hedge against oil price fluctuations to ensure the stability of the exchange rate (the petro dinar) itself."

“Linking oil sales to the dinar on a fixed basis with oil prices instead of the foreign reserves base means linking the dinar to the oil asset cycle first, and that oil is sold according to global oil prices. If the exchange rate of the dinar (petrodinar) against the (petrodollar) is fixed, and oil prices fall, then the demand for the dinar for accounting purposes will certainly fall, and the dinar will be exchanged for oil in larger quantities and the demand for the (petrodinar) will be lower, and vice versa,” he added.

He pointed out that "any deviation between oil prices (petrodollar) and the exchange rate (petrodinar) according to international market data will be considered a cost that requires compensation by paying fewer dinars or collecting a higher dinar in the opposite case," indicating that "international reserve currencies are foreign currencies held by central banks and global financial institutions as part of their cash reserves. These currencies are used in international transactions and settling debts between countries, and are a standard for international payments and facilitating global trade."  link  

Q & A - Topic - What has to happen? What are we still waiting on? FROM GINGER, 19 AUGUST

 Q & A - Topic - What has to happen? What are we still waiting on? ๐Ÿ™‚⬇️


๐Ÿ’ข Member: Q - So are you're saying Mr C is not the 'switch flipper' now. Asking because inquiring minds want to know ๐Ÿ˜Š


๐Ÿ’ขI can answer that. ๐Ÿ™‚ Nope, we've never said that. The part he plays just hasn't come up quite yet, but it's likely very close. ๐Ÿ˜‰๐Ÿ˜


I want you to please look at this as two bookends. Visualize this. Stay with me. ๐Ÿ˜‰


The upper Tiers .. this is the 1st Bookend. These upper Tier bonds get paid first - Tier 1, 2, 3 and 4A [Note that T3 & T4A have SKRs, having submitted and settled on rate of exchange and redemption at a much earlier time. Thus, they now possess their Safe Keeping Receipt.... which is kinda like an I.O.U. When it's their turn to go - they get paid what they were promised beforehand. They'll only get 1% and the full liquidity cannot happen for them until we get paid. We're just as important of a factor in all of this as they are. Don't forget that. 


This is what we're talking about now - the events which appear to be beginning to occur now. There have been rumors that Paymasters were given their green light to begin paying their groups. I've not seen clear proof of their 1% liquidity yet but I am indeed learning that group members are now signing NDA's, whereas before, it was mostly the Paymasters who had signed them. So this is a very positive development any way you look at it.


Other aspects of "Bookend #1" we're still waiting on proof of completion: Farm claims, CMKX, Native American Tribes restoration funds, etc. This can all happen very quickly because it will be electronic. I'm talking hours to days to complete. Weeks will not be necessary. We just need the process started. 


Once this step has begun, we move our attention away from the Bookend #1. 


➡️ Mike Cottrell incoming ... His part that he plays is what prepares us, in Tier 4B for our part. Our part is the 2nd Bookend. And he's the book ๐Ÿ“– in THE MIDDLE OF THE TWO BOOKENDS.๐Ÿ’ฅ๐Ÿ˜๐Ÿ’ฅ GET IT? ๐Ÿ˜‰๐Ÿ˜๐Ÿ’œ


๐Ÿ’ขOnce he inputs the codes, at the behest of Interpol with US Treasury delegation en tow, with the Military (2 uniforms) and a two-party delegation from the Chinese Elder's family whose gold is funding portions of this Event - then ๐Ÿ’ฅBOOM ๐Ÿ’ฅ ALL banking derivatives will be zeroed out; and all the currencies of the world - each Sovereign Country - will become asset-backed at this very juncture. 


๐Ÿ’ขNext is the Bookend #2 - us folks in Tier 4B. At this eventual stage, we will then be ready to go to our exchange and redemption appointments. 


I hope this helps. ๐Ÿ’œ๐Ÿ˜๐Ÿ’œ

~ Ginger

Coffee with Zester

Government Advisor Explains The Possibility Of Using The Dinar Instead Of The Dollar In Oil Sales, 19 AUGUST

 Government Advisor Explains The Possibility Of Using The Dinar Instead Of The Dollar In Oil Sales

Money and business  Economy News – Baghdad  The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, clarified today, Sunday, what is being circulated in some media outlets regarding the possibility of using the dinar instead of the dollar in oil sales.

Saleh said in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the adoption of the dinar in the pricing of oil, or what is called (petro dinar), especially when the national currency is not one of the international reserve currencies, requires the availability of foreign reserve currencies or gold, as Russia did when it bought Russian oil with gold-backed rubles, which caused problems that we will come to later."

He added that "these foreign reserves must be available (as a necessary condition) and operate according to a high standard of efficiency that guarantees the stability of the exchange rate linked to oil (the petro dinar) in order to hedge against oil price fluctuations to ensure the stability of the exchange rate (the petro dinar) itself from the beginning."

He added that “linking oil sales to the dinar on a fixed basis with oil prices instead of the foreign reserves base means linking the dinar to the oil asset cycle first, and that oil is sold according to global oil prices. If the exchange rate of the dinar (petrodinar) against the (petrodollar) is fixed, for example, and oil prices fall, then the demand for the dinar for accounting purposes will certainly fall, and the dinar will be exchanged for oil in larger quantities and the demand for the (petrodinar) will be lower, and vice versa.”

He pointed out that "any deviation between oil prices (petrodollar) and the exchange rate (petrodinar) according to international market data will be considered a cost that requires compensation by paying fewer dinars or collecting a higher dinar in the opposite case," indicating that "international reserve currencies are foreign currencies held by central banks and global financial institutions as part of their cash reserves.

 These currencies are used in international transactions and settling debts between countries, and are a standard for international payments and facilitating global trade."

He explained that "Russia suffered a lot when it priced its exported oil in rubles (petrorubles) and the ruble is a non-reserve currency and committed to a value for the ruble that was initially denominated in gold to ensure the stability of oil revenues. Here (petrorubles) were subject to two asset cycles at the same time (which complicated the scene of selling oil in local currency and stabilizing the value of the petrorubles)."

He pointed out that "the first cycle: is the result of the impact of what is called the gold assets cycle and its impact on the value of the (petroruble) or the local currency denominated in exported oil, while the second: is the oil assets cycle, and its impact on the value of a barrel of oil outside the global price and the reflection of that on oil revenues priced in that currency."

He stressed that "the two cycles are asset cycles that are linked and contradictory at the same time on the value of (the currency priced in the exported oil, such as the petroruble), which made pricing Russian oil in rubles as a local currency and according to the data of the global oil market a very complex issue."

He added that "the principle of using the dinar as a local currency in international oil exchanges (petrodinar) is not without many challenges, which is why those potential challenges must be carefully considered, especially the issue of the flexibility or stability of the value of the (petrodinar) itself to change and fluctuation, especially since we in the oil market are not price makers in it, but rather price takers."

He noted that "the global oil market will control the fluctuation of the local currency (petrodinar), in addition to the importance of international recognition of it, and the financial infrastructure necessary to support such operations of (petrodinar), in other words, the strategy of relying the value of the currency directly on oil exports may make the value of the local currency vulnerable to fluctuations in the global market."

Saleh added that “the proposal to sell oil in dinars as a local currency must take into account an important theory in global trade called the Law of One Price, which is an economic concept that assumes that the same commodity must be sold at the same prices in all markets when the price is expressed in the same currency, provided that there are no transportation costs or trade barriers such as customs tariffs and others.

The Law of One Price is the basis for many economic and trade models, and the theory is based on the assumption that markets operate efficiently.”

He added: “The single price theory is the basic path to understanding the pricing mechanism in foreign exchange markets, as the theory seeks to explain that currency exchange rates always reflect the difference in prices between two countries, and when oil is priced in dollars (petrodollars), the exchange rate of the dinar (petrodinar) should be consistent with oil prices without fluctuation and at the same time consistent with the (petrodollars) and also steadily,

and these are two issues that are difficult to control because they are external international factors that determine the value of the local currency so that it operates regularly and in a stable price compatibility with the oil market and international foreign currencies at the same time.”

“For example, if a barrel of oil is sold in the United States at $76 and in Europe at 72 euros, the single price theory predicts that, taking into account the exchange rate between the dollar and the euro, the price of a barrel of oil should be equal after adjusting the currency, provided that there are no transportation costs or trade barriers.

 This requires that the value of oil sold to Europe and America be consistent with the fluctuations in currency prices in order to ensure that the single price theory is in place.

Thus, adopting the local currency in global trade is a very complex issue to ensure the stability of oil prices consistent with the value of the Iraqi dinar (petrodinar), especially in a fixed exchange rate system (exchange rate), unless discounts are granted or differences are charged in oil marketing operations or floating (petrodinar).

Then, for example, the Oil Marketing Company (SOMO) will play a dual role in oil and monetary policies, whether in the field of oil pricing or pricing the oil dinar exchange rate (petrodinar),” he continued.

He added: "The strength and stability of the Iraqi dinar will remain linked to the factors of real growth and diversity in the national economy, in addition to achieving an appropriate surplus in the current account of the balance of payments, and linking the national currency to a basket of foreign currencies that provides stability in the value of the dinar itself.

In light of the above, introducing mechanisms for stabilizing the dinar exchange rate into a single rentier economy exclusively based on the oil dinar is an economic trend with ambiguous results and is very vague, in addition to entering the (petrodinar) system, which requires risks (the aforementioned single price theory) to ensure its stability in light of the fluctuations in the oil assets cycle and a single rentier economy, not to mention not knowing the adopted exchange system (petrodinar).

Will it be a fixed exchange system supported by foreign reserves or will it be a flexible exchange system in which the (petrodinar) changes with the change in oil prices? These are paths that have no answers on the ground and are really very ambiguous." Views 56 2024/08/18 - https://economy-news.net/content.php?id=46433

GINGER NOTE ABOUT 2024 FARM CLAIMS LIQUIDITY, 19 AUGUST

 GINGER NOTE ABOUT 2024 FARM CLAIMS LIQUIDITY

Thurs. 15 Aug. 2024 Farm Claims liquidity, Ginger’s Liberty Lounge

Reports regarding Farm Claims settlements being paid are accurate; and this is a very nice item which we can happily check off our “non negotiable list”. I was unable to share the exact details from my own confirmed contact, so I am sharing this other news passed along from someone else. 8.14.24. 

Lamb: “I just got off the phone with a friend of mine, she told me that her friend that had registered with the farm claim packages … He woke up to $500,000 in their bank account with no explanation, no nothing, he showed her the bank statement and knows this other person had “no pot to piss in” before (per se). So the statement about farm claims being paid is 100%.”

Kirkuk Governor announces success of population census, figures near 1.9 million, 22 NOV

  Kirkuk Governor announces success of population census, figures near 1.9 million Shafaq News/ The security plan to ensure the success of t...