Jon Dowling
The trade tariffs are mere negotiation tools and as you can see, many countries will capitulate.
The currency reset will actually allow Gesara to be funded so that other countries outside the US can widely prosper, alongside massive Gold reserves that many countries inherently possess.
Did anyone notice that President Trump also stopped checks going into or coming out of the “IRS”? Will DOGE facilitate Nesara implementation? Sure looks that way. 👀
Iraqi foreign reserves rise to a historic level
The Financial Advisor to the Prime Minister, Mazhar Mohammed Saleh, confirmed on Wednesday that the foreign reserve is at its historical highest levels in achieving balance and economic stability for the country, while pointing out that the reserves still cover more than 100% of the issued currency in circulation.
Saleh said in a press statement: “The decline in the Central Bank’s slight reserves, which is estimated at 1% of the country’s total foreign reserves, is related to two things: First, the high level of reinforcements of the Iraqi banking system in foreign exchange with their correspondents abroad for the purposes of trade financing and external transfer,
which led to a significant decline in the dollar exchange rate in the parallel market against the dinar and the rise in the value of the dinar in that parallel market.”
He explained that “control over local liquidity levels has become high and at large and influential levels in the face of the increasing external value of the dinar, which still indicates the decline in the effectiveness of the parallel or secondary market in the country, as well as a very clear decline in growth rates in the general level of prices and very high price stability that the country has not witnessed before from high stability.”
He added that “the other matter depends on the degree of growth of the amounts in which public finances exchanged monthly oil revenues in foreign currency in dinars for the benefit of total spending (which is the basis of foreign reserve) and converting them into Iraqi dinars,” pointing out that “this is also related to the degree of discipline and control of public expenditures on the one hand, and thus slowing down the liquidation of the government foreign currency proceeds to domestic liquidity that can be spent on the other hand through the general budget.”
He pointed out that “taking into account the cautions of the volatility of the average prices of exported oil of $70 or less per barrel in the energy markets, which has occurred in recent months, which means that the consensus between the level of nutrition of the foreign balances reserve (by collecting them by cash issuance), which may have become at a less rapid pace and growth by public finances, and between external transfers in foreign exchange in the interest of financing private sector trade by the monetary authority, which is still at a relatively high frequency, which caused this shortcoming or slight decline in foreign reserves.”
Saleh added that “the foreign reserve is still at its highest historical levels in achieving economic balance and stability of the country, and that the function of foreign reserves remains to defend price stability, but it is also wise for the Central Bank of Iraq to monitor the current account movement of the balance of payments accurately to maintain the stability of foreign reserves and monitor their growth safely.”
He stressed that “these foreign reserves still cover more than 100% of the issued currency in circulation, and enjoy high trade efficiency of more than 15 months of import, in accordance with the three-month global standard,” adding that “the monetary authority is the only entity that manages the country’s monetary policy at the internal and external levels, and with a high consensus in terms of balance and transparency to achieve and maintain economic stability.”
https://alforatnews.iq/news/الاحتياطي-الأجنبي-العراقي-يرتفع-الى-مستوى-تاريخي
EXCERPTS FROM MARKZ
Member: I also wanted to mention that I talked with a patient yesterday that’s from Venezuela. He told me that the Bolivar has gone digital and they have dropped the zeroes and renominated.
Member: I wonder what happened to the bondholders that were given money to travel???
MZ: I have one that was given money to travel…..he traveled and now he is not talking. I know a couple more that were asked for their banking info so they could be sent travel money. They are still waiting for that money to be sent to them. They were told to be prepared to go at any moment. Once they receive their money they will have 2 days to get to their appointments.
MZ: I do have a bond contact say there are scheduled bond meetings with bond holders (Not bond facilitators) this evening. The first meeting is in Europe. I have not heard a peep from bond holders in Reno. It seems like all the bond movement is overseas right now…not domestic. There has been movement in Asian and European markets.
MZ: Reno is the biggest information leak on the planet. I expect to see no movement out of Reno. If I were handling exchanges there…they would be the last people to go ….imo.
Economy News – Baghdad
The Iraqi banking sector has witnessed significant changes in its financial indicators during the past year, according to the issued data, which reflect the performance of commercial banks, the movement of cash, and the purchases and sales of the dollar, in addition to the policies of the Central Bank.
Commercial banks: decline in some assets and growth in private deposits
The data showed a decline in the assets of commercial banks by 0.92%, falling from 205.25 trillion dinars by the end of 2023 to 203.36 trillion dinars at the end of 2024. Current deposits also recorded a decrease of 9.38%, while private deposits increased by 10.63%, indicating increased trust of individuals in private banks compared to traditional current deposits.
Dollar movements: a sharp decline in central bank purchases
The Central Bank’s purchases of the dollar recorded a significant decline of 61.97%, falling from $8.35 billion to $3.18 billion. In contrast, dollar cash sales saw a slight decline of 0.92%, reflecting a decline in demand for hard currency within local markets.
Currency: decrease in the money supply and decline in the reserves of the issued currency
The issued currency recorded a decrease of 1.36%, while cash outside banks decreased by 10.26% to reach 130.35 trillion dinars compared to 145.26 trillion dinars in the previous year. The ratio of mandatory reserves to the issued currency also decreased from 143.14% to 129.64%, indicating a reduction in cash availability in the market.
Central Bank: A rise in loans and a decrease in gold reserves
Loans granted to small and medium-sized enterprises witnessed a significant increase of 47.02%, reflecting a trend to support economic development through project financing. In contrast, gold reserves recorded a decline of 8.69% to reach 189.90 trillion dinars compared to 207.96 trillion dinars last year.
Inflation and the exchange rate: a marked decline
The inflation rate recorded a decline of 35.56%, falling from 4.50% to 2.90%, reflecting an improvement in price stability. The exchange rate in the parallel market also fell by 1.32%, in an indication of relative stability in the value of the dinar against the dollar
Wednesday Coffee with MarkZ. 04/02/2025
Wednesday Coffee with MarkZ. 04/02/2025
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
Member” Good Morning Mark, Mods and fellow RV’ers……RV there yet????
Member: Happy Liberation Day (I think...not feeling as liberated as I would with an RI of my Dinar...just sayin')
Member: Today, April 2 is Liberation Day. (Trump Declared) and it commemorates the Coinage Act of April 2, 1792 when the dollar was attached to gold/silver. Today is supposed to be golden . A special day of prosperity.
MZ: Specifically it was attached to a Spanish silver ounce.
Member: Maybe President Trump will announce at least the intention to go back on the gold standard if not do it outright?
Member: Fairly certain that today will mostly be a nothing burger, folks have built this date up way too much as always. Hope I’m wrong !
MZ: Keep in mind that today is an important day. They have to fix all the problems before they can reset. Fixing everything is important otherwise we would just rehypothicate or hand money to the rats and nothing would change. They are fixing taxes, tariffs, DOGE stuff….it is all very important and necessary steps before the reset. .
Member: I wish everybody would stop beating around the bush and just tell us the truth …actual truth instead of thousand excuses
Member: Wouldn’t that be wonderful …
Member: Why so much disinformation….Why so much secrecy? I don’t get it
MZ: To me it makes sense why they do it. They do it on purpose- they have to cloud the timing. If everybody knew when it would happen…big investors will flood the markets with billions investing in dinar ect and upset everything. But it sucks though.
Member: Rumors floating around are that the RV is today and banks are exchanging.. How do they keep getting away with saying this stuff?
MZ: Yes a lot of them are saying that. Others are saying lower denominations are out. My contacts on the streets in Iraq are saying they wish that was a fact…but they don’t have any and they can’t find any. Let’s hope those folks are right about RV today. I would love to be wrong.
Member: One of my patients that is a bank manager said to hold onto currency of wealthy countries because he said something could change soon. He said this last week to me.
Member: I also wanted to mention that I talked with a patient yesterday that’s from Venezuela. He told me that the Bolivar has gone digital and they have dropped the zeroes and renominated.
Member: I wonder what happened to the bondholders that were given money to travel???
MZ: I have one that was given money to travel…..he traveled and now he is not talking. I know a couple more that were asked for their banking info so they could be sent travel money. They are still waiting for that money to be sent to them. They were told to be prepared to go at any moment. Once they receive their money they will have 2 days to get to their appointments.
MZ: I do have a bond contact say there are scheduled bond meetings with bond holders (Not bond facilitators) this evening. The first meeting is in Europe. I have not heard a peep from bond holders in Reno. It seems like all the bond movement is overseas right now…not domestic. There has been movement in Asian and European markets.
MZ: Reno is the biggest information leak on the planet. I expect to see no movement out of Reno. If I were handling exchanges there…they would be the last people to go ….imo.
Member: Will the bolivar be in the first basket?
MZ: We don’t know for sure…but many people believe it will be.
Member: if a person has only Zim and bolivar….and the bolivar is not in the first basket…would they have two bank appointments? One to exchange Zim and a later one to exchange Bolivar?
MZ: Yes. Appointments could be a year a part…or 2 months? We don’t know yet.
MZ: “Government talk about Iraq’s foreign reserves at their highest level” Their foreign reserves are at the highest levels ever. They are telling us how stable and secure they are.
MZ: “Final Budget return to the fore as Parliament awaits the arrival of the 2025 budget schedules” There is a mechanism in it that if they do not get this thing passed soon it defaults to the last paid budget. Meaning they can’t add any new projects but will allow the continuation of existing things while the adopt the previous years budget with the existing spending numbers…...
Member: Keeping stalling the RV would not be good for Sundani reelection if it doesn't pass it. so I think they need to push it through asap!!
Member: I saw Trumps press secretary saying that he was considering exchange rate as part of the financial recovery. No specific countries were mentioned
Member: Yes…Caroline Levitt mentioned Trump was considering currency exchange rates in the recovery! No specific countries mentioned
Member: I stopped at Chase bank yesterday! There was a lot of people waiting for wealth advisors
Member: I wonder if there is any movement in Dubai, d1 and d2?
Member: I wish we knew what to expect when we go in to exchange???
Member: Folks, imo there is absolutely nothing to worry about. Hand over currency… watch machine count…. Sign papers…. Rich.
Member: Passover starts on the 13th. Hopefully, we see movement on RV! Easter is April 20th
Member: Maybe they are waiting for the St. Germaine trust to open on Easter?
Member: Thank you for keeping us all sane Mark, Really appreciate you and your team.
Member: Prayers for all of those suffering are those that have lost precious loved ones.
Francis What they're not saying directly, but signaling: Iraq-KRG unity is a prerequisite for rate reform U.S. involvement = global alig...