7 times more.. Iran announces the release of its money withheld in Iraq, 26 AUGUST

 7 times more.. Iran announces the release of its money withheld in Iraq

The Iranian Ministry of Foreign Affairs announced on Friday that they released about seven times the amount of Iranian money held in Iraq within a month.

According to the political assistant to Iranian Foreign Minister Ali Bagheri Kani, in an interview with the semi-official “Mehr” agency, most of our money is in Iraq, except for South Korea.

He said that during the negotiations with the American side regarding Iran’s funds in South Korea, they also discussed and began the process of releasing Iran’s money in Iraq.

Bagheri Kani stated that in the past three weeks, they have released almost seven times the amount of money used in Iraq last year for economic activities. They expect this to accelerate the liberation process.

Official Iranian media revealed details of an agreement between Tehran and the United States, brokered by a third country. The agreement includes a prisoner exchange and the release of Iranian funds frozen in South Korea and Iraq.

According to the Iranian News Agency, IRNA, there has been an agreement between Iran and the United States to exchange prisoners. An official source familiar with the agreement stated that Iran will release 5 American prisoners while the United States will release 5 Iranian prisoners.

He explained that in addition to releasing $6 billion of frozen Iranian funds in South Korea, a significant portion of Iranian funds in the Iraqi TBI Bank will also be released. He also mentioned that the process of releasing Iranian funds in European banks has already begun.

On July 11, Prime Minister Muhammad Shia’ al-Sudani announced that Iraq had contacted the US to discuss payment for Iran’s 9.25 billion euro gas imports. He added that Iraq had paid 1.842 billion euros within 7 months according to the agreed mechanism.

A delegation from the Central Bank of Iraq and the Iraqi Trade Bank has reportedly left Iraq for Oman to discuss transferring funds in compliance with the US Treasury. According to Al-Sudani, the delegation’s aim is to agree on a formula for transferring these funds to Oman in agreement with the US Treasury.

Al-Sudani: Iraq has promising opportunities, and the government supports the investor and the private sector

The Prime Minister, Muhammad Shia’ al-Sudani, launched the executive work on a large tourist complex project in Baghdad’s center. The project includes a hotel, residential complex, and tourist facilities.

The Prime Minister’s media office announced that they laid the foundation stone for the first Qatari investment project in Iraq, implemented by the Qatari Investment Holding Company. This initiative aims to enhance opportunities, improve the investment environment, and attract Arab and foreign companies to infrastructure projects in Iraq.

During the ceremony, the Prime Minister welcomed the brothers from Qatar and praised their initiative and persistence in implementing the first cooperation between Iraq and Qatar.

He indicated that the President of the Council thanked the government team, the Mayor of Baghdad, the Chairman of the Investment Commission, the Director of the Prime Minister’s Office, and the advisors. These individuals were responsible for preparing all the requirements related to the allocation of land and granting of investment licenses in a record time.

According to a statement, Al-Sudani stated that Iraq has many promising investment opportunities and the government provides support to serious companies. He emphasized that the government will support investors, companies, and the private sector that are serious about executing investment projects in Baghdad, the provinces, and the Kurdistan region of Iraq.

Weekend News with MarkZ 08/26/2023

IRAQ DINAR RATE CHANGE - IRAN RIAL RATE CHANGE - USA - IRAQ - BRICS - CH...BY MILITIAMAN

Chinese government company looking to build and rebuild in Karbala, 26 AUGUST

 Chinese government company looking to build and rebuild in Karbala

The Chinese governmental company (CCCC), specialized in road and infrastructure works, discussed with the Governor of Karbala, Nassif Al-Khattabi, construction and reconstruction in the province.

Al-Khattabi said in a statement to (Al-Mustaqlia) after his meeting with the Chinese government company, we discussed “the extent to which Chinese government companies can contribute and participate in the construction and reconstruction campaign within the governorate’s reconstruction plan for the year 2023 to 2025.” link

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(Vietnam) Central bank joins regional payment connectivity expansion | Vietnam+ (8/25/23)

(Vietnam) Central bank joins regional payment connectivity expansion | Vietnam+ (8/25/23)

Jakarta (VNA) – The State Bank of Vietnam (SBV), has officially joined the Regional Payment Connectivity (RPC) initiative. 

The recent development is an expansion of the Memorandum of Understanding on Cooperation in Regional Payment Connectivity (MOU RPC) initiated by the central banks of Indonesia, Malaysia, Philippines, Singapore, and Thailand on the sidelines of the G20 Leaders’ Summit on 14 November 2022 in Bali.

On the sidelines of the 10th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) on August 25 in Jakarta, Vietnam's central bank signed the Supplemental Pages of the MOU RPC.

The RPC initiative was established to strengthen and enhance collaboration on payment connectivity through the development of faster, cheaper, more transparent, and more inclusive cross-border payments.

According to the MoU, member central banks agreed to promote cross-border payment connectivity based on the application of such payment methods as QR Code, instant payment, and other payment models, as well as cooperation in monitoring and building a sound risk management mechanism in line with the legal framework of member countries. Mechanisms for implementing MoU include dialogue, monitoring, evaluation, and information exchanges.

Within the framework of the Working Group on the ASEAN Payments System (WC-PSS), the members highly appreciated this initiative of the five ASEAN central banks (ASEAN5) and encouraged the participation of ASEAN members. 

Appreciating the potential benefits and opportunities from the initiative, the SBV coordinated with ASEAN5 central banks to complete the procedures to officially become the 6th member of the MoU, which demonstrates its commitment to cooperation and integration in the payment field, in line with the orientation of the Vietnamese Government and central bank as well as the current trend of promoting cross-border payments.

https://en.vietnamplus.vn/central-bank-joins-regional-payment-connectivity-expansion/266894.vnp

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 26 AUGUST

 Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: My bank friend said he’s thinking we’re going to see a move either to around 1138 or an even 1000 very shortly from what he’s getting…

FRANK: I believe him…I believe him to be ready to greet you into the banks very soon…

FIREFLY: We seeing we rank 5th in the world in oil reserves and yet we have a program rate ?

FIREFLY:  Our government is saying USA defense interest is secured in Iraq for the first time since 2003.  Wow!  That's when we were at 1 to $3.  Iraq agrees on the troops being here in Iraq.  I guess Sudani wants you guys here...this is a win-win for all of us. 

 FRANK:  Let's see you try to steal something now.

JUDY NOTE, 26 AUGUST

 Global Currency Reset: The Global Currency Reset appeared to be announced on Tues. 22 Aug. 2023 when the BRICS Summit launched BRICS Pay, a decentralized multicurrency digital international payments system. https://www.brics-pay.com/.

• Fri. 25 Aug. TNT Call: The three letter agencies are at the highest level of alert possible for the RV. The majority that it will be this weekend or sooner. The Iraqi government has until tomorrow to open the budget. Many people in powerful positions were arrested in Iraq this week.
• Fri. 25 Aug. MarkZ said tonight that he has heard that a couple of humanitarian projects have received full funding and are slowly rolling out.
• Thurs. 24 Aug. Bruce: Bond Holders were told by authorities in Switzerland that they would be notified Friday 25 Aug. and get access to funds on Saturday 26 Aug.  Tier4b (Us, the Internet Group) should be notified to set exchange/redemption appointments Saturday 26 Aug. or Monday 28 Aug. at the very latest. Within 24 hours of Trump’s arraignment the RV should be started – or by Fri. 25 Aug. 7:00 pm EST
• Charlie Ward said that Tier4b would be able to exchange foreign currencies and redeem Zim Bonds after that Global Currency Reset was announced.
• Shelton Levert said that Paymasters would start paying Tier3 after the BRICS Summit ended on Thurs. 24 Aug.
• Wolverine claimed that on Fri. 18 Aug. Wells Fargo Bank received the cash release codes and the global launch of the funds took place across the Planet, marking the beginning of the registered global asset redemption program.
• BY JUDY

"STATUS OF THE RV" BY DINAR IRAQ & DONG VIETNAM, 25 AUGUST

 STATUS OF THE RV

During this period we have learned that the CBI is targeting a new revalued rate for the dinar of 1132 from 1320 and very soon.

Already they issued a new rate for foreign travel of 1305 to the US dollar.

Is this the last rate change we are looking for prior to the 1:1 coming revaluation and triggering the project to delete the zeros?

If you can remember that on August 1, 2023 article, the Prime Minister, Muhammad Shia’ al-Sudani, described the crisis of the rise in the exchange rate of the dollar against the Iraqi dinar in the local markets as a “battle” not a crisis.

Al-Sudani said and I quote- “The battle of the dollar is between the state, which insists on completing the reform of the financial and banking system and we are going to win the battle”.

So, then an article came out on this past Wednesday August 23, 2023, they are telling us that the Parliamentary finance committee determined a way to reduce the exchange rate of the dinar.

It stressed the implementation of a number of measures in order to reduce the exchange rate of the dollar, whether they are technical or related to the central bank and its procedures.

Committee member Mueen Al-Kazemi said, according to the official newspaper and I quote – “that the important factor for the decline in the dollar exchange rate is the simplification of the central bank’s procedures for merchants to urge them to resort to the currency window and not go to the parallel market that caused the high exchange rate, in addition to simplifying the procedures for granting sums to Iraqi travelers.”

Instead of using the current method.

They then added that another problem that must be discussed with the US Federal Reserve regarding the countries from which the Iraqi merchant imports and does not grant a transfer to them using the new electronic system, given that there is a national interest and need for the Iraqi people with these import vendors.

In other words they need to have the electronic system updated to include these countries.

This way more of the dollars can be accounted for and traced, if in fact they are needed to pay debts to these countries.

It appears they may be finally getting to the root of the problem in order to obtain positive results in reducing the exchange rate of the dinar (which we know means to increase its value closer the real value it should be in the first place. )

We know the value of the dinar is now being artificially suppressed.

Last Thursday (August 17, 2023), the Parliamentary Finance Committee identified the features of ending what it called “dollarization” in the local markets, in reference to the dollar exchange rate crisis, indicating that 80% of the solutions are internal, not external.

Sounds to me like the crisis is just about over, if not over, and they just need to tie up some lose ends.

Is Iraq now de-dollarized enough for stability to move to the next stage of the currency reform process?

I first heard it when I read the 2011 Dr Shabibi plan for the reinstatement process.

He told us then that the de-dollarization is critical in Iraq’s currency reform process.

So, it sounds to me like this phase of the Dr Shabibi plan is ending and they are moving to the next stage of the process.

Update on the Oil and Gas Law:

Last Friday, the representative of the State of Law Parliamentary bloc, Firas Al-Maslamawi, revealed the Oil and Gas laws are to be legislated in Parliament in the coming period.

We have heard this before and so what does the “coming period” mean.

Could it be days, weeks or months?

But to say this means they are very close.

Al-Maslamawi said, “The priority of the presidency of Parliament and the House of Representatives is to legislate the Oil and Gas laws as sent by the government, and they are in the second stage of proposals, and it will end soon”.

I believe the holdup is with the negotiations with Turkey on the operation and maintenance of the northern oil pipeline.

Do you remember this is the “White Paper”?

So, I am reminding everyone once again that this is their path to FOREX.

Are they there yet?

Are we reaching the proverbial vortex of triggering what we want, the RV?

Yes, and we should be very happy at just where we are now.

Since January of this year the main push has been banking reforms and de-dollarization.

It has taken longer than we as investors want, but if you read between the lines in today’s news it says they are moving to the next phase of the plan.

When they move to the next phase of the process it will have to be the project to delete the zeros.

Just a couple weeks ago Ali Alaq, the CBI governor, told us this project is NOT OFF THE TABLE which means also everything else that follows it.

Write, call or text your representatives of how dissatisfied you are with the justice being done in the US about the Biden corruption and where is the justice when they have a double standard of justice.

Where is the punishment for his crimes and of those who surround him?

I believe in this regards that September thru December are going to be huge for straightening out his mess in the US government.

As I stated many times already the VALUE and RATE of the dinar are two different issues.

Yes, the RATE should reflect a true VALUE but it does not today.

They know it and we know it.

Iraq does not have to rebuild their economy for the rate to change accordingly as the value is already present, just with the resources they can now exploit and sell.

Once they do rebuild Iraq cities and grow their economy the dinar should also then adjust its rate and go even higher as thy plan to put it on a FLOAT when it is reinstated.

No, it is not possible to float the dinar starting at the program rate.

Kuwaiti does not export even 1/3 of the oil that Iraq does nor is the oil as rich as their oil needs more refining.

Kuwait has very little exports and Iraq alone will very soon catch up to them without even trying.

So why does the IMF and the US still hold back the liberating of the Iraqi dinar?

I will tell you why – It is nothing more than “blackmail” and a “corruption” scheme that is shortly coming to an end.

They need to keep Iraq under their thumbnail and suppressed.

They need them as a puppet state not as an independent and sovereign nation.

The CIA reported almost a decade ago as it stated that Iraq would be “a detriment to security of the middle east, should it ever become independent and wealthy state”.

So, go figure what is happening just by this statement alone.

They can’t hide it .

We only need to use our God given brains to see through this mascaraed.

Don’t you think the Iraqi citizens and politicians see it too?

I know, I know, I give you other possible scenarios but these are just developments in the craziness of goals set for Iraq to obtain.

These goals should not be something that holds them back.

There are other carrots that can be dangled and used to help push them along.

They are a very young democracy and they will make mistakes.

But they must also learn from the mistakes and to be a self-governing after nearly 20 years past since 2003, it is about time.

Not having an international currency is serious and we can clearly see it is impacting all aspects of Iraqi life.

It is time to liberate the dinar.

The CBI knows it as the citizens know it, as we investors know it.

by DINAR IRAQ & DONG VIETNAM