COFFEE WITH MARKZ ( SPANISH), 5 JULY

 Charla de los miércoles por la mañana de MarkZ y Andy Schectman 7-5-2023

Nota de PDK: Viajaré durante la próxima semana más o menos. Es posible que pueda o no transcribir los podcasts de Marks o que sean más tarde de lo habitual... Asegúrese de escuchar sus llamadas diarias para obtener toda su información y opiniones... Gracias.

Gracias MarkZ por todo su tiempo y aliento diario... PDK

Actualización de MarkZ: algunos aspectos destacados de PDK: no textualmente

Descargo de responsabilidad de MarkZ: Considere todo en esta llamada como mi opinión. 

Miembro: buenos días a todos... espero que todos hayan tenido un gran 4º, ¡ahora necesitamos una celebración más grande!

Miembro: Buenos días MarkZ y todos... Espero que hayan tenido un gran fin de semana. Y te pido que nos traigas buenas noticias.

MZ: Esperamos que hoy sea un día lleno de noticias... todavía es demasiado pronto para tener noticias del oeste.

Miembro: ¿El IQD es de $3.58 en forex?

MZ: No, no lo es. Está en la lista... pero no a una tasa internacional todavía. Solo una tasa de marcador de posición. Si fuera en forex... todo el mundo lo sabría.

Miembro: Sin Tasa del IQD en el Forex. Solo un marcador de posición.

Miembro: markz entonces, si está en forex, ¿por qué no se negocia y quién controla eso?

Miembro: ¿Se puede cotizar el IQD como moneda internacional antes de que se revele en la Bolsa de valores/Forex?

MZ: En Irak, el presupuesto se aprueba, se publica y se espera que se implemente en cualquier momento. No estoy muy seguro de lo que eso significa... Mi contacto financiero dijo que no se preocupe por eso... no tiene nada que ver con su capacidad para cambiar la tasa en este punto. Han puesto todo en su lugar.

Miembro: Irak….Parece que se están estancando por una razón y están perdiendo mucho dinero donde podrían estabilizar su tasa.

MZ: Las expectativas siguen siendo enormes para hoy. Ninguna de las áreas de redención funcionó durante las vacaciones. Ni siquiera en Europa.

MZ: Si se produce alguna noticia de última hora hoy, volveré para hacértelo saber.

Miembro: Mark Z, por favor comente sobre el artículo de Awake In 3D fechado el 7/3, afirmando que el RV IQD no es factible debido al PIB actual de Irak. ¿Hay una correlación directa entre los dos?

Mod: MARKZ NOS AVISARA CUANDO NOS VAYA LA TARIFA!!

Miembro: Mike Penny dijo la otra noche que pronto se anunciaría el patrón oro.

Miembro: Mark, cuando escuchamos que el RV está en movimiento, ¿significa que se ha anunciado Nesara?

Miembro: Este espectáculo de circo tenía demasiados payasos para mi gusto y no tengo palomitas de maíz.

Miembro: ¡Esta película se está volviendo más loca todos los días! Solo necesitan hacerlo

Miembro: Sombreros blancos, esperando demasiado para activar el interruptor, si no lo hacen pronto, podría perderse. La gente está cansada de la película.

Miembro: Espera…. Vienen días más felices.

DINAR IRAQ & DONG VIETNAM UPDATE, 5 JULY

 XRP Pair with Iraq Dinar Triggers Speculations of XRP’s Rising Prominence

The presence of an XRP pair with the Iraqi dinar on a forex platform has triggered bullish speculations of the growing prominence of XRP and IQD in Iraq.

Amid the U.S. SEC’s lawsuit against it, XRP continues to transcend the borders of the United States, rapidly expanding its prominence to several countries.

Most recently, proponents believe this growing prominence might be extending into the Middle Eastern country of Iraq.

Pseudonymous Chartered IT Professional and XRP community member Boncryp triggered this wave of bullish speculations following a recent tweet pertaining to XRP’s popularity.

The individual called attention to a pair on a forex trading platform featuring XRP against the Iraqi dinar (IQD).

Highlighting this, Boncryp pointed out that the Iraqi government is leaning towards embracing financial inclusion for its populace.

Notably, our findings revealed that the platform in question is Barchart.com, a leading financial data firm that offers a wide range of services related to financial markets and investing.

Barchart boasts a comprehensive suite of financial market data, including quotes, charts, technical indicators, and market analysis.

As a result, the existence of an XRP/IQD quote is not surprising.

The platform also hosts IQD quotes against other crypto assets such as BTC and ETH.

XRP Continues to Penetrate Iraq

The presence of the XRP/IQD pair on a forex site like Barchart.com might not mean much.

However, it suggests increasing recognition of XRP in the crypto market, potentially expanding its market reach, diversifying trading opportunities, and indicating institutional interest in regions where the IQD is widely used.

Crypto currencies have continued to penetrate the heart of Iraq despite the government banning them in 2017.

The presence of brokers such as Kurdcoin has also allowed Iraqi residents to gain exposure to XRP and other crypto assets.

Moreover, The Crypto Basic disclosed in April that CoinMENA, a major exchange focusing on the Middle East and North Africa (MENA) region, had extended its scope to cover Iraq.

CoinMENA’s expansion provided seamless access to XRP and other digital assets.

Amid this geographical penetration, XRP is gradually creeping into the Iraqi market.

Google Trends data reveals a particular surge in XRP interest among Iraqi residents in late June.

Iraqi Dinar rise expectations from iraq / dinar / iraqi dinar / dinar ne...

Coffee with MarkZ and Andy Schectman 07/05/2023

Note From PDK: I will be traveling for the next week or so. I may or may not be able to transcribe Marks Podcasts or they may be later than usual….Be sure to listen to his daily calls for all of his intel and opinions……..Thank you 

Thank you MarkZ for all your time, and encouragement daily….. PDK

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 all….hope everyone had a great 4th, now we need a bigger celebration!

Member:  Good morning MarkZ and everyone….. Hope you had a great weekend. And I pray you bring us some great news.

MZ: We are expecting today to be a busy news day….it’s still too early to have any news from out west. 

Member: Is the IQD $3.58 on forex???

MZ: No it is not. It is listed…but not at an international rate yet. Just a place holder rate. If it was on forex….everyone would know it . 

Member: No Rate of the IQD on the Forex. Only a Place holder.

Member:  markz so if it's on forex, why isn't it trading and who controls that???

Member:  Can the IQD be listed as an International Currency before revealed on the Stock Exchange/Forex?

MZ: In Iraq the budget is passed , published and expected to be implemented anytime. Not quite certain what that means …My finance contact over there said don’t be worried about it…it doesn’t have anything to do with their ability to change the rate at this point. They have put everything into place. 

Member: Iraq ….Appears they're stalling for a reason and losing a lot of money where they could stabilize their rate.

MZ: Expectations  remain huge for today. None of the redemption areas worked over the holiday.  Not even in Europe. 

MZ: If any breaking news occurs today I will be right back to let you know. 

Member:  Mark Z pls comment on the Awake In 3D article dated 7/3, claiming that the IQD RV is not feasible due to the current GDP of Iraq! Is there a direct correlation between the two?

Mod:  MARKZ WILL LET US KNOW WHEN THE RATE IS FOR US!!

 

Member: Mike Penny said the other night that the gold-standard was going to be announced soon. 

Member:  Mark, When we hear that the RV is in motion, does that mean Nesara has been announced?

Member: This circus show had too many clowns for my taste, and I am out of popcorn.

Member: This Movie is getting more Insane everyday! They just need to get it done

Member: White hats, waiting too long to flip the switch, if they do not do it soon, it could be lost. People are tired of the Movie.

Member: Hold on…. Happier days are coming

Andy Schectman from Miles Franklin joins the stream today….please listen to the replay for all his opinions and information 

“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.

NEWS OF IRAQ, 5 JULY

An Iraqi Proposal To Deal In Dinars Instead Of Dollars With Iran

Money  and business  Economy News _ Baghdad  The commercial adviser to the Iranian embassy in Iraq, Abd al-Amir Rabihawi, stated that pressure from the US treasury prevents the Iraqi side from using its official currency to transfer money to Iran, forcing it to use the free market currency, which differs by 10% from the official currency and harms Iranian merchants.

According to the Jahan Sanat News website, Rabihawi said, at the meeting of the Iranian-Iraqi Joint Chamber, that "trade with Iraq is traditionally possible so that money is exchanged with this country through exchange offices or cash."

Referring to the number of decision-making centers in Iraq and Iran, he explained: "In Iran, we have Iraqi offices in most ministries that take decisions on their own, and this is what led to a lack of centralization in decision-making in Iran and it has become a peninsula, which causes contradictory steps to be taken."

Rebihawi believes that Iraq is the best country for investment and export of goods in the region, stressing the importance of using this country for re-export, or benefiting from the advantage of transit through Iraqi territory to Europe or North Africa.

The Iranian trade advisor in Iraq stated that the central bank in this country distributes daily no less than 250 million dollars to the country's banks, and said: "The pressures of the American treasury prevent the Iraqi side from using its official currency to transfer funds to Iran, which forces it to use the market currency." The free currency, which differs by 10% from the official currency and harms Iranian merchants.

                           

The Iranian official added, "Iraq suggested that all our financial dealings in Iraq be in dinars, even Turkish shops buy and sell in dinars in this country. Given the sanctions, this issue is in Iran's favor."

And he added, "Accordingly, we offered the Central Bank of Iran that Iranian businessmen and merchants trade in dinars instead of dollars."

Rabihawi confirmed that Iran is using its frozen funds in Iraq to buy 7 commodities that are not subject to sanctions, in addition to industrial equipment, medicines and foodstuffs.

He continued, "Iranian merchants must convince the Iraqis that the goods Iran exports to Iraq are non-sanctioned," declaring that the country exports 4,500 goods to Iraq that cover about 10% of its needs.

He added, "We must be frank with the Iraqis so that they realize that the issue of the price is very important to us regarding commercial exchanges with it, so that they return to us a difference of 10% of the price of the official and free currency."

Rabihawi stated that since the beginning of the arrival of tourists with the aim of treatment to Iran, brokers began to exploit this point and plunder money by increasing the cost of treatment several times, and he said: “It is true that medical tourism has become popular and has a noticeable demand by Iraqis, but it is subject to the control of merchants and brokers in Iraq There is a disagreement between the Ministry of Health and Tourism on the need to solve these problems.

In conclusion, he added that it was decided to establish 5 industrial cities on the Iranian-Iraqi borders.

 Last week, the Iranian deputy oil minister for gas affairs said that the Iraqi Ministry of Electricity had paid Iran all gas-related debts.

“The Iraqi Ministry of Electricity has paid all our dues for gas, and the debt is now zero, but sometimes there are problems transferring money from the Iraqi TBI Bank to Iran,” Majid Chengy said.

In his statements, the Iranian official did not mention the amount of frozen funds in Iraqi banks.

For his part, Ahmed Musa, spokesman for the Iraqi Ministry of Electricity, confirmed, on Monday, that his country had paid Iranian gas dues to Tehran and deposited them in the Trade Bank of Iraq.

He said, "The Ministry of Electricity has paid all dues owed by Iraq to Iran, which are dues for importing gas from it."

He added, "The dues were paid to the Iraqi Trade Bank in the Credit Fund, but the bank is finding difficulties in transferring them to the Iranian government because of the US sanctions."

Views 25  07/05/2023 https://economy-news.net/content.php?id=35012

DINARLAND UPDATE, 5 JULY

 MarkZ

[via PDK]

From Iraq:
“Parliamentary work-no increase in social benefit salaries and 600 thousand families will be included”

What they are meaning is – in their budget they are going to increase the salaries for people on disability etc…so they haven’t increased the salaries yet but have added 600 thousand new families…this math does not work without a value change. We are watching as they are rolling out their new projects in Iraq and they are going to need the new rate.

Everyone I talked to is squarely expecting things to happen on the 5th.  We will watch and see if anything happens in the morning…If by any chance we get breaking news today I will let you all know…

Would be a good time to squeeze in the RV. Nobody is expecting it today.

Mountain Goat

I am attempting to stay in close contact with the CBI during this revaluation process. …we still have not see any real news from the CBI (Ali Al-Alaq) itself on the project to delete the zeros. This project is pivotal in the revaluation and then the reinstatement…so why is the CBI staying so quite if they plan to reinstate the dinar anytime soon… I can’t figure out why the reinstatement has not already occurred. 

All the outward signs are way too obvious now. Is there still something to do?

 Since my contact in the CBI assured me the “green light” has been given a week ago why are we still sitting here? …My only guess is that maybe the CBI wants to revalue one more time…closer to 1000?

Frank26 (KTFA)

The budget is not officially open to the world just yet…Sudani is working on the inners, is working on the exchange rate…the program rate is not enough gas in the tank to get the $63 trillion worth of projects done.  Absolutely not.  There’s just no way possible.

Question:
“Will the float go fast or slow?”

IMO it’s going to go at the speed of light.  It’s like a man that was in prison for 50 years and he comes out.  He’s going to do everything that he couldn’t do in prison at the speed of light.

Sandy Ingram

Iraq made financial headlines when it boosted gold reserves by 2% in one day.  To understand why this is major news, let’s compare it to the fastest-growing currency against the US dollar, the Swiss frank.  The rapid rise of the Swiss franc, happened in 2015.  One single event is responsible for the Swiss franc blowing up.  The Swiss National Bank suddenly withdrew the peg of 1.20 franks per euro on January 15, 20215.  The central bank stated this was requested since the peg was no longer viable.  In the immediate aftermath…the currency surged 30% against the euro and 25% against the US dollar.  The decision shook the Forex market and put several foreign currency dealers out of business...

This is how your finances can change in one day…Here are two reason why the Swiss currency is so strong…Switzerland has a long history of low debt and fiscal responsibility.  And the nation has hard assets such as gold reserves…What is the bottom line?  Low debt and high gold reserves.   According to Statista, Iraq has extremely high debt, the national debt is estimated at $210 billion US dollars by 2028.  This is why Iraq booting its gold reserves by 2% in one day is breaking news and good news for Iraq…Once Iraq finds a path to reduce debt and increase revenue outside of the oil industry, its currency will increase in value.

JUDY NOTE, 5 JULY

 WARNING: There are reports of some asking for you to hand over your foreign currencies and/or Zim Bonds to them saying they will exchange or redeem them for you. DO NOT give in to this scam. Only the purchaser of the currency or bond can legally exchange or redeem that currency or bond at a Redemption Center for the higher rates. The exception is if you have given someone currency or bonds, along with a notarized gift letter saying you have done so. If someone tries to turn in your currency or bonds without your authorization they could be arrested.

Global Currency Revaluation:

• On Fri. June 30 2023 the US Federal Reserve and US Treasury , unable to pay the Global Repository back quadrillions owed, was asked to hand over all their assets.
• On Sat. 1 July International Financial Markets transformed into a digital asset-based economy. The new Quantum Financial System interfaced in computers around the World to coordinate currency transactions through International Payment System ISO 20022.
• After the EID holiday ended on Sat. 1 July the Kingpin of the Global Currency Reset, the new Iraqi Dinar Rate was implemented into the Iraqi Budget.
• Also on Sat. 1 July the fiat US Dollar transferred into a gold/asset-backed US Note.
• On Sun. 2 July about 5 pm EST the Dinar Rate on the Forex went public. A live Foreign Currency Converter showed the new Dinar Rate was slowly climbing upward in value:1,000,000 IQD to USD – Iraqi Dinars to US Dollars Exchange Rate (xe.com)
• Khan Baba: Iraqi Dinar $4.86 International Rate: https://dinardetectives.com/khan-baba-111/
• On Mon. 3 July SOFR, Libor and many nations dumped their US Treasuries.
• On Tues. 4 July the Quantum Financial System was fully integrated worldwide. Tier4b (us, the Internet Group) was expected to be notified to set exchange and redemption appointments according to Bruce.
• Tues. 4 July IQD Value to USD: Dinar Data – Dinar Detectives – Iraqi Dinar Recaps from Dinar Guru and Intel
• Iraqi Dinar $4.85 International Rate: https://dinarchronicles.com/2023/07/04/iraqi-dinar-plus-more-by-david-harkness-7-4-23/
• Tues. 4 July X22 Report Central Banks About to go off Cliff:https://dinarchronicles.com/2023/07/04/x22-report-central-bank-system-about-to-go-off-the-cliff/