Coffee with MarkZ 08/22/2023

The relationship of the exchange rate with the power of the economy , 22 AUGUST

The relationship of the exchange rate with the power of the economy 

Economical 2023/08/21
Yasser Al-Mutwali

believes that the general public, who are not specialists in economics and finance, believe that the criterion for the strength of a country's economy is the exchange rate of its currency against the dollar, or any other currency or means. 

While most economists in the world unanimously agree that this theory is not valid, we are often faced with a question; 

Does the value of the currency reflect the strength of the economy of that country?

What concerns me as a specialist in economic affairs is to show the reality of the strength of the Iraqi economy and that the fluctuation of exchange rates does not mean the reality of the country's economy , as financial and economic experts agree that the exchange rate for any currency is an accounting number agreed upon between global central banks and does not reflect the strength of the country's economy. 

To analyze the facts of this theory, let's take a comparison between the Saudi currency and the Jordanian currency, to verify the correctness of the theory from its error. 

With regard to the Saudi riyal, for example, (one dollar equals 3.75 riyals), 100 dollars equals 375 riyals), and as for the Jordanian currency (one dollar equals 70 piasters, every 100 dollars equals 70 Jordanian dinars. 

The question is: Does this mean that the Jordanian economy is stronger than The Saudi economy?

Of course not, because the volume of Jordan's GDP is 50 billion dollars, while the volume of the Saudi GDP is nearly a trillion dollars.

From that we conclude that the exchange rate does not reflect the strength and durability of the economy. 

Therefore, fixed exchange rates are a purely administrative government decision, not It is related to the strength of the economy, and 

if we follow international experiences in dealing with the size of their currencies, Argentina, Turkey and Italy have worked to delete six zeros from their currencies, which is a treatment to regulate currency circulation and reduce its volumes in dealing, and this proves that the exchange rate is an accounting number, nothing more, and a government decision.

There are trends in some countries that work to liberate the value of their currencies by floating them because the exchange rate of the dollar is floating and liberalized, and here the estimates of governments remain with such a decision. 

Finance and economic experts attribute the reason for the floating to the inability to fix the exchange rate indefinitely, and this is related to the extent of economic and political stability.

The closest example of this is the Lebanese currency, in which the exchange rate has remained constant for decades, every 100 dollars equals 1,500 pounds, but it was soon exposed to chaos and instability until the exchange rate collapsed, unfortunately, which is what is happening to it now. 

In conclusion, the Iraqi economy is strong and solid, but the fluctuation of the exchange rate is caused by the political and economic instability in the country. 

https://alsabaah.iq/82794-.html 

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An expert proposes solutions to limit the rise in the dollar in the parallel market 

Economical 2023/08/19
 Baghdad: Haider Fleeh Al-Rubaie,

the economist, Munaf Al-Sayegh, proposed a set of solutions to control the parallel exchange rate and undermine the dollar, pointing out that 

the presence of two different exchange rates could confuse the local market and lead to a kind of imbalance in economic performance, while 

he praised the targeted measures In order to limit the rise of the green currency in the parallel market, 

he called for "liberalizing the exchange rate" in accordance with the levels of supply and demand and foreign trade activity, as well as working to change the pattern of the balance of payments and the trade balance. 

According to specialists in economic affairs, the Central Bank succeeded in controlling the exchange rate of the parallel dollar, and put an end to the booms that that currency witnessed in previous times, indicating that 

the packages of decisions issued by the monetary authority led to strengthening confidence in the national currency, stressing at the same time, 

The fluctuation of the exchange rate is no longer an influencing factor in the prices of goods and materials that are now imported at the official price of the Central Bank.  Al-Sayegh told "Al-Sabah": 

"The presence of two different exchange rates leads to a negative impact on economic performance, 

especially if it is linked to the pattern of consumption activity and thus will undermine government efforts aimed at enhancing its ability to provide quality services," stressing the 

need to "establish development paths that work on Diversifying economic activity in line with the urgent requirements of society, such as continuous energy, efficient education, health institutions, as well as the provision of high-quality services, indicating that 

these steps are sufficient to achieve an active and flexible economy capable of constantly diversifying while creating sustainable development opportunities and diverse and renewable job opportunities within the requirements of economic performance and its obligations. local and international.” 

In order to find remedies for the economic effects of the existence of two different exchange rates for the local currency, the jeweler believes that the exchange rate must be liberalized in a flexible manner, according to the levels of supply and demand, as well as the levels of commercial activity of foreign trade, in addition to the need to work to change the pattern of the balance of payments and the trade balance in a way that leads to its transformation Gradually from negative to positive.

Al-Sayegh also stressed the importance of changing the spending pattern in the budget towards the productive investment that leads to serious development paths, taking into account the change in foreign trade patterns from consumer goods to productive goods linked to a specific economic activity, as well as the trend towards making a fundamental change in the pattern of performance and activity. Finance for public and private banks, enhancing the efficiency of government programs aimed at pushing development projects that support economic activity in general, and expanding small and medium entrepreneurial projects among young people. 

https://alsabaah.iq/82642-.html 

Iraq News BRICS Summit Update +Upcoming Report on IQD Road to RV BY SANDY INGRAM

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 22 AUGUST

  [Iraq boots-on-the-ground report]   

FIREFLY: Television says we have done a good job on getting away from the dollar but it still faces an up hill struggle.  I'm not the smartest man in the world but why don't the CBI give us a rate and a value?  

Then the people will flock to the dinar and be no black market dollar because Sudani says the dinar will be higher than the dollar.  Why they not just do that.  It's simple in our eyes.

 FRANK:  What you're asking for is what you're going to get...if they give this rate to you now...the monetary reform will fail.  If the monetary reform fails you ain't gonna see Jack son. Nothing...

I don't blame you for venting right now. I know it's simple in your eyes.

"RV UPDATE" BY MILITIAMAN, 22 AUGUST

  I think as far as everything being in place where Iraq is concerned with their re-instatement timeframe…I think the writing is on the wall that they are going to go into the international financial system...

And we also expect to see the new small category notes (lower denominations) released in Iraq…and I am hoping this will happen in the next short period of time. 

Article:  "Iraq..The total looted funds are estimated at $450 billion"  Quote:   "The Iraqi government is working to strengthen cooperation with international organizations concerned with combating corruption, such as the United Nations, the World Bank, the International Police (Interpol)..."  

...Al-Sudani and other international entities are stating...corruption needed to be under control...They appear to have a good handle on things...I like the stability that it is likely to bring from the effort, not to mention the amounts of money that will be clawed back...is breathtaking.

We saw a documentary video of them specifically reducing the note count, destroying money....We don't know how much money they have destroyed yet but they will probably disclose it because it'll be a necessary thing to disclose when they go international.  People are going to  want to know what their money supply is.  The bottom line is they were destroying and...making little pellets with perfectly good money.  

 Those of you out there on the Internet that are doing the math saying this doesn't work, if you don't know how much money they've destroyed, you don't have good calculations. So be very careful on telling people that it's not going to happen when it clearly is showing the Central Bank of Iraq, The Finance Ministry, the World Bank, the U.S. Treasury and everybody else goes against what you're saying.  Be fair in your analysis. 

JUDY NOTES, 22 AUGUST

 Global Currency Reset:

• Charlie Ward: Tier4b will be able to exchange foreign currencies after the Global Currency Reset is announced.
• The Global Currency Reset was expected to be announced at the BRICS Summit in Johannesburg South Africa on Tues, Wed. and Thurs. 22-24 Aug.
• Shelton Levert just said the Paymasters will start paying Tier3 AFTER BRICS Summit. Summit ends on the 24th.We know the providers accounts have the money in the banks, but cannot spend it. Maybe Shelton was right when he said they were paid in fiat and those custodial accounts have to be converted to USN. He said that is happening now. I think they are running the algorithm audits on the new quantum platforms that are in beta, to remove glitches, to launch and announce to the public at large a new banking quantum system implementation. I believe they are working to get this done, ASAP.
• Thurs. 17 Aug. MarkZ: “I have been assured Iraq plans to finish in the month of August and bankers are still looking at around Sun. 20th Aug.”
• Bruce: On Thurs. 17 Aug. or Fri. 18 Aug. Bond Holders were to receive new NDAs. They had to sign and return those NDAs to Wells Fargo by Fri. night 18 Aug. They would receive emails Sat. 19 Aug. that would give them access to funds on Mon. 21 Aug. or Tues. 22 Aug.
• Fri. 18 Aug. Texas Snake: “Some very positive steps are being taken behind the scenes which all point to a very positive week upcoming. Hang in there, folks.”
• Fri. 18 Aug. Wolverine: “Wells Fargo Bank has received the cash release codes. The redemption of financial instruments has just begun. The global launch of the funds has just taken place in all parts of the world, marking the beginning of Redemption’s registered global asset redemption program. Clearance from Reno arrived at 9pm. On Sat. 19 Aug. from 11:00 a.m. to 2:00 p.m. will bethe calls for direct managers”
• Fri. 18 Aug. RV Highlights Mike Bara: “Latest I just heard: Mon. August 21st, Iraq links with gold or a gold backed currency and drops the dollar. Bankers see it when they wake up Tues. August 22nd, Iraq makes some kind of announcement on Wed. Aug. 23rd. Not sure it will be that dramatic, but there will be an announcement.”
• Bruce: Tier4b (Us, the Internet Group) should receive notification for appointments and begin to go in for those appointments on Tues. 22 Aug. or Wed. 23 Aug.
• The fiat US Dollar can be used in US, Canada and Mexico for the next three months.
• Tues. 22 Aug. Wed. 23 Aug. and Thurs. 24 Aug. is the BRICS Summit where major financial changes will be announced.

The EBS, Redemption Centers & GESARA/NESARA Funds.

• Two separate things could be going on here. Foreign currency exchange for Tier groups could happen before the actual EBS/EAS. Why? This group has been prepped for this for some time (“exclusive group” for lack of better words).
• The EBS will go off and we will receive seven text messages.
• They will tell us that we will have 3-6 hours to get home, or go to a place where we can remain for the next ten days.
• We will be on a Global Lockdown depending on what’s going on in different cities.
• For ten days 24/7 we will receive broadcasts on what’s going on in the World, including information on the Global Elite criminal Arrests and Tribunals.
• Redemption Center appointments are to receive monies owed to us from NESARA/ GESARA funds and also for those wishing to exchange foreign currencies and Zim Bonds. Appointment times will be done in three separate groups: ages 24-44, 45 to 60 and 61 and older. The 61 and older will go in first.
• You will have 8-12 days to get to your appointment.
• At your appointment you will set up your Quantum Account which is identified by your own biometric positive energy. (criminals with negative energy will not be given access to a Quantum Account).
• You will also receive your Quantum Access Bank Card called Quack which is unique to you based on your biometric energy. No one can access that account but you.
• You will also receive a laptop that connects to the Star Link Satellite System and from which you can access your Quantum Account.

Global Financial Crisis:

• Rothschild controlled Central Banks have been lowering the purchase power of currencies around the world for a century so their ‘little club’ becomes more powerful and more powerful.
• China and Russia have boldly stepped away from the conventional international payment system, Swift, igniting a fierce battle for financial supremacy over the fiat US Dollar. https://dinardetectives.com/deepinmoments-2/
• The US Sun Major bank with 2,600 locations closes down 29 branches due to ‘evolving’ customer needs. https://www.the-sun.com/money/8877520/closing-time-major-bank-evolving-needs/
• Germany: 50,000 companies have closed due to insufficient funds. Over the first half of the year, 50.6 thousand German companies have already gone bankrupt, Zeit Online reported https://www.zeit.de/wirtschaft/unternehmen/2023-08/statistisches-bundesamt-betriebe-gewerbe-aufgegeben This is about 12% more than the same period last year. In recent years, government aid has partially contained the surge in bankruptcies caused by the pandemic and the energy crisis. But analysts expect the situation will only worsen from here.
• BlackRock Warning as Sudden 1 Trillion Crypto Market Crash Tanks the Bitcoin: https://www.forbes.com/sites/digital-assets/2023/08/19/stark-blackrock-warning-as-sudden-1-trillion-crypto-market-crash-tanks-the-bitcoin-ethereum-bnb-xrp-cardano-dogecoin-litecoin-solana-tron-and-shiba-inu-price/
• The Panama Canal Has Become a Traffic Jam of the Seas. More than 200 vessels are stuck on either side of the waterway as a serious drought cuts crossings.
• Journey From Humble Rupee to International Currency:https://edtimes.in/journey-from-the-humble-indian-rupee-to-international-currency/
• It’s Worse Than We Imagined: Banks Like Wells Fargo Are Doing The Unthinkable: https://beforeitsnews.com/economy/2023/08/its-wοrse-than-we-imagined-βanks-like-wells-fargo-are-νow-starting-to-do-τhe-unthinkable-must-video-3093027.html
• Goldilocks: Every single leading economic indicator is pointing downward. The Global Economy is collapsing all around us. People have depleted their savings according to surveys done by the Federal Reserve. The last time we were at this level was when the Lehman Brothers collapsed their shares on the market. The entire Inverted Yield Curve is inverted on a level never seen before in history. We have three major factors going forward that will affect our economy: all our leading indicators are pointing downward, the inverted yield curve which measures recessions and depressions are in historical lows, and we have 70% of our Market or consumers that have already spent up their savings. We are at a crossroads, and the next three economic meetings taking place will give us new direction. Watch what happens at the BRICS Summit, the Jackson Hole symposium, and the G20 meeting ending on the 10th of September. On September the 11th, we will have new guidelines and policies giving us direction to move forward.

BY JUDY

Al-Bayati Rules Out Passing The Oil And Gas Law In A Way That Meets The Ambition Of The Region, 21 AUGUST

 Al-Bayati Rules Out Passing The Oil And Gas Law In A Way That Meets The Ambition Of The Region

Today 12:17   Information / Baghdad..   Former MP Jassim Al-Bayati ruled out passing the oil and gas law in a way that meets the ambition of the Kurds in the region, indicating that the Kurdish forces are still negotiating and procrastinating to delay passing the law.

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Al-Bayati told Al-Maalouma, "The negotiations on the oil and gas law will not reach any good stages, as the opportunity that the Kurds got in 2008 when this law was sent will not be repeated at the present time."

He added, "The Kurds rejected the law in the aforementioned year, despite a vote on it within the Council of Ministers, and preparations for its passage in Parliament, and therefore it is impossible for the law to return again to be in the interest of the Kurds."

And he indicated that "the Kurds are calling today for the oil and gas law, but the demand is conditional that the aforementioned law be in their interest, far from consensus or passing by a numerical majority within the House of Representatives, and it is better for them to return to the old law, otherwise the results will be bad for them."    LINK

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An Economist Who Pledges To Control The Exchange Rate Of The Dollar By Taking Practical Technical Measures

Today 08:45  Information / Baghdad...  Economic affairs researcher Muhammad al-Saadi pledged, on Monday, to controlling and controlling the exchange rate of the dollar in the parallel market by taking practical technical measures without resorting to methods of arrests or the use of force.

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Al-Saadi told Al-Maalouma, "The responsible authorities are working to pursue speculators by applying the law against those who want to harm the Iraqi economy, as well as being a first step to ensuring that the differences between the official and parallel market are eliminated."

He added, "The need has become urgent to take decisions related to technical and financial aspects, which would expand the outlets for selling the currency and allow citizens to buy in limited quantities by setting restrictions or preconditions."

And he indicated that "the problem of exchange and high prices is often suffered by the citizen before the merchant, as the merchants began to go to the official platform to obtain the dollar, while the citizen is still suffering in obtaining the dollar, especially since some citizens go to car showrooms and face difficulty in buying in the currency of the dollar." .

He pointed out that "the government can open a window to sell the dollar to anyone who wants to get a car, provided that he comes with an official purchase contract to hand it over to outlets or approved banks to sell the dollar as a document in exchange for obtaining hard currency." LINK

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An Economic Institution: The Government Should Stop Following The Dollar In The Parallel Market

08/21/2023  Earth News / The head of the Future Iraq Foundation for Economic Studies, Manar Al-Obeidi, called today, Monday, on the government to stop following the dollar prices in the parallel market.  Al-Obeidi told Earth News Agency, "The state must control the prices of inflation rates and various materials and commodities, not the exchange rate of the dollar in the parallel market.

And he added, “The Iraqi citizen, in the end, what matters to him is the rise or fall that occurs in various commodities, specifically basic ones, such as foodstuffs and fuel, in addition to consumer and luxury goods and materials.

And he indicated that “despite the high exchange rates of the dollar against the dinar, the prices of goods and materials and inflation rates did not change much, according to a report issued by the Ministry of Planning, as inflation rates decreased in the previous months, which indicates a decline in prices or their lack of a significant increase.”  https://earthiq.news/archives/270495#hathalyoum