Parliamentary Finance describes the Central Bank’s measures as “timid”: It must open new outlets to sell “travelers’ dollars”, 20 SEPT
Parliamentary Finance describes the Central Bank’s measures as timid - It must open new outlets to sell travelers’ dollarsShafaq News/ On Tuesday, the Parliamentary Finance Committee considered the Central Bank of Iraq’s measures regarding the dollar crisis “timid.”
Committee member Faisal Al-Naeli told Shafaq News Agency, “The Central Bank has taken many measures, especially in the recent period, but we believe that these measures are shy and need to be activated, applied, and opening new outlets to sell the dollar to travelers and merchants.”
He explained, “The Parliamentary Finance Committee is closely following the issue of the rise in the dollar exchange rate in the parallel market, and there is a tendency among members of the committee to host the Governor of the Central Bank and the general managers of the bank to find out the reasons for the decline in the value of the Iraqi dinar and the continuous rise in the dollar exchange rate.
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The exchange rate of the dollar against the dinar witnessed a significant jump during the past few days, touching 160 thousand dinars for every 100 dollars.
[via PDK] Question: When does Sudani return to Iraq? MarkZ Answer: Most of my DC and New York sources say he should be in private meetings all week and then head home late this week or over the weekend. But, we do not know for sure.
[via PDK] As to what I expect on timing…From everything I am hearing - I think the window opens tomorrow. It certainly looks great right now. So somewhere between tomorrow and Oct. 8th…But I think it will be sooner rather than later.
[via PDK] Walkingstick is right...[Reference Guru Walkingstick post 9-18-2023]…having conversations with people in Iraq, people in government sectors there…in finance and oil sectors…the contractors...saying it’s a deafening roar right now is an understatement.
[via PDK] He [Sudani] did address the UN and he has more meetings. A big week is already underway. He has meetings with the State Dept and with the Asst. Secretary of the Treasury today...To me they are setting the stage. Sudani is telling everyone that Iraq is in compliance and that they are done before they pull that trigger for the world stage on the currency change. That is my opinion and the opinions of many others I have been talking too high up in this process. They are stage setting and expect Sudani to let the cat out of the bag while at the UN…
I hope that is accurate.
[via PDK] Question: ...Does the passage of the HCL mean we will have a new rate? MarkZ answer: I was always told HCL before the rate change.
Parliamentarian: Baghdad and Erbil disputes prevent the adoption of the oil and gas law
9-19-2023
Parliamentarian - Baghdad and Erbil disputes prevent the adoption of the oil and gas lawInformation / Baghdad…
A member of the Parliamentary Oil, Gas and Natural Resources Committee, Ali Saadoun Al-Lami, confirmed on Tuesday that there are many unresolved controversial points between Baghdad and Erbil, as well as the oil-producing governorates, preventing the adoption of the oil and gas law.
Al-Lami said in a statement to Al-Maalouma, “The oil and gas law, and although there is a movement to approve it, the differences between the center and the region prevent this purpose from being achieved at the present time.”
He added, “Many controversial points are still unresolved between Baghdad and Erbil, which makes passing the oil and gas law impossible, and therefore there are no signs of approving the law.”
He stated, “There are 13 points of contention between the governments of Baghdad and Erbil, as well as the oil-producing governorates, and these represent the biggest obstacles to passing this law.”
Al-Lami pointed out that “these points cannot be resolved at all, which confirms the impossibility of passing the law in its current form.”
The Sudanese Is In New York And The Dollar Is On Fire In The Market.. Will The Visit To America Affect The Exchange Rate?
Posted On2023-09-19 By Sotaliraq The Sudanese is in New York and the dollar is on fire in the market.. Will the visit to America affe Today, Tuesday (September 19, 2023), financial expert Saleh Al-Banari read the expected results and files of the visit of Prime Minister Muhammad Shiaa Al-Sudani and sent 4 American messages to the Iraqi Prime Minister during his visit to New York to attend the United Nations sessions.
The banker said in an interview, “The attendance of Prime Minister Muhammad Shiaa Al-Sudani at the United Nations sessions in New York is important on multiple levels, including economic ones, especially since there is a long list of meetings with heads of state and organizations, some of which are concerned with the economic, humanitarian, and human rights sectors.”
He added, “The turnout of American delegations with multiple addresses to the Sudanese meeting confirms the importance of the files at hand, especially with regard to the economic aspect as it is the most important in the relationship between Baghdad and Washington,” pointing out that “the latter will send, according to the readings, 4 important messages, which is the need for the Central Bank and banks to comply with the rules of dollar transfers.” In terms of knowing its movement, tracking it, and not dealing with countries subject to sanctions through the SWIFT system.”
He pointed out that “the American side will push for the need for Baghdad to make greater efforts to prevent smuggling and speculation related to the dollar and provide advice in this regard,” pointing out that “Washington will not interfere in reducing the exchange rate of the dollar in Iraq, but rather leave the options to the Sudanese government because it is committed to the issue of combating smuggling and controlling the pace of Remittances are what drives the stability of the parallel market and thus reduces the dollar exchange rate.”
He continued, “The dollar file in Iraq is complicated, especially with the presence of a large difference between the official price for selling it by the Central Bank and what is announced in the parallel market,” pointing out that “the Sudanese visit will not affect the exchange rates, but rather will remind the American side of the need to support Baghdad.” In measures to limit smuggling.”
The dollar exchange rates in Iraqi local markets are witnessing unstable jumps until they approached 160 thousand dinars for every 100 dollars, in conjunction with information about American intentions to impose sanctions on new banks that are not committed to the terms of transferring and financing trade using the dollar.
Al-Sudani left for New York to attend the United Nations sessions, where he will deliver a speech before the United Nations General Assembly reviewing Iraq's regional and international positions and internal policy.
The meetings of the United Nations General Assembly, in its 78th session, will begin from Tuesday, 19 until September 23, as world leaders search for solutions to global challenges and participate in order to enhance peace and security, while this session bears the title of rebuilding confidence, restoring global solidarity, and the goals of sustainable development.
Government spokesman Bassem Al-Awadi says, “The Prime Minister will participate, like the rest of the world’s leaders, in the General Assembly meeting as it is the largest annual global forum for leaders (countries and governments) to meet, to discuss global and regional challenges and express Iraq’s opinion on them, as well as deliver a speech reviewing Iraq’s international and regional positions and politics.” Interior.
He continued, "The meetings of the United Nations General Assembly will also include listening to the opinions of world leaders and answering their inquiries regarding all Iraqi affairs, to strengthen bilateral ties, and to explain the Iraqi reality as it is, away from interpretations and analyses, and prior coordination of understandings, relations, and subsequent visits at the leadership level or Governmental institutions ". LINK
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 evening MarkZ, Mods and friends! Keeping fingers crossed that MarkZ has some good news for us...
Member: Mark, what is your gut feeling on timing?
Member: Mark, Wjth everyone asking you about your gut feelings I'm surprised you don't have an ulcer
MZ: As to what I expect on timing…..From everything I am hearing- I think the window opens tomorrow. It certainly looks great right now. So somewhere between tomorrow and Oct. 8th….But I think it will be sooner rather than later.
MZ: In Iraq: “Undersecretary for Terrorism and financial Intelligence Brian Nelson’s meeting with Prime Minister of Iraq Mohammed Shiaa El-Sudani “ they are meeting with the DOD and banking making certain of long term economic growth and security of banking system.
MZ: Nader had a good one- talking about how they have cracked down on corruption and have their banking system ready. Be sure to go listen and like and share his videos.
Member: When does Sudani return to Iraq?
MZ: Most of my DC and New York sources say he should be in private meetings all week and then head home late this week or over the weekend. But, we do not know for sure.
Member: What about the oil for dinar program…Is that still happening?
MZ: I am told that is still happening. That is how we should get more than the street rate.
Member: Mark- how do the currency baskets work?
MZ: We are told the majority of the big currencies go into the first basket and the rest will go as they are ready….That is what I was told.
Member: any idea what's in the first basket?
Member: In basket 1……1. US 2. UK 3. Kuwait 4. Canada 5. Mexico 6. Russia 7. China 8. Venezuela 9. Iranian Rial 10. IRAQ 11. Indonesia Rupiah 12. Malaysia 13. Vietnamese 14. Brazil 15. Saudi Arabia 16. Qatar 17. United Arab Emirates 18. Turkey 19. Afghanistan possibly20. India 21. Libya 22. Japan23. Zimbabwe
Member: Any news on CMKX?
MZ: Last I heard was last week when they updated the fines and penalties. Everyone is still waiting
Member: Mark…why does Iraq need the US to give them the go ahead to RV. Why can’t they tell the US to stuff it!!!
MZ: The US still has a number of Iraqi resources toed up. Hopefully not for much longer though. Iraq has been dotting I’s and crossing t’s in order to get out from under that burden.
Member: Lots of rumors of EBS or test of EBS on 4 October.
Member: The new US fiscal year will start on Oct. 1st….Bet it all needs to happen by then
Member: I feel that this is going to be the toughest stretch we have encountered because we are so close
Member: Thank you and good night everyone.
Member: Nighty night. God Bless
“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
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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
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Tues. 19 Sept. Bruce: Paymasters in Geneva said that Bond Holders and Tier4B (us, the Internet Group) will receive RV notification to set appointments sometime between 8am to 8pm on Wed. 20 Sept. In the US Social Security recipients will receive $4,717/month SS payout starting in Oct. On Wed. 20 Sept. PM Sudani will put out the new international rate of the Dinar in the Gazette. The (HDL) Hydrocarbon Law has been passed and will start paying out to all Iraqi citizens starting at least by Oct. Iraq citizens will also receive an increase in their SS to $4,000/month in Oct.
Tues. 19 Sept. MarkZ: From everything I am hearing – I think the window opens tomorrow Wed. 20 Sept. It certainly looks great right now. So somewhere between tomorrow and Oct. 8th…But I think it will be sooner rather than later. There were rumors that some Bond people have been paid and were liquid. I am hearing anywhere from the 20th of September to the8th or 10th of October for everything in the RV to be completed. This means anything after Wed. 20 Sept.this week is fair game.”
The US Treasury Assistant Secretary: Everything has been signed off and it should be approximately 96 hours from her return from Baghdad, Iraq. She returned Fri. 15 Sept. + 96 hours = Tues. 19 Sept.
Mon. 18 Sept. TNT Call: “The Iraqi Prime Minister said that on Wed. 29 Sept. he will speak before the UN to announce that it’s going.”
Sat. 16 Sept. Texas Snake: “My source anticipates his exchange centers to be open and operational this coming week if no other obstacles present themselves. Everything I’ve read indicates this has to be CONCLUDED by month’s end. GOD Bless.”
As of Fri. 15 Sept. Banks were no longer independent, but working for the US Treasury: When you go into a bank to exchange like Wells Fargo you are not doing business with Wells Fargo. You are doing business with the US Treasury. They are contracting with that bank to use the space but the people don’t work for the bank they are contracted by the US Treasury.
An Inside Source: 97 of the top 100 central banks are currently under transformation to become fully operational under the QFS + RTGS system. The remaining 82 smaller central banks are gearing up for this transition.
On October 1st all banks were required to be working with the QFS.
Thurs. 14 Sept. 2023 Banking Bombshell! The Real Reason Behind Those Wells Fargo Emails! Inside the Exclusive World of Redemption Centers!,
Ben Fulford
Step into the hushed corridors of financial power, and let me shed light on the shadowy intricacies of banking exchanges, practices that are changing the way we understand our money and its worth. Hold on to your seats, because the rabbit hole goes deep.
Consider this: Have you, or anyone you know, purchased currency from any authorized dealer in the US? If so, then brace yourself. An email from powerhouses like Wells Fargo Bank or even Chase – both top tier 1 banks for Exchange + Redemption Centers – is on its way to your inbox.
These digital missives don’t originate from the banks alone. No, the US Treasury, with its overarching influence, provides these email lists. The puzzle piece? No one can truly verify if they’re on this exclusive list. And thus, to ensure maximum reach, the Safelink website, the ultimate tool for exchange, will be spread like wildfire across major online platforms and chat forums. Subtle, isn’t it?
Delving deeper into the numbers, the vast chasm becomes evident. While estimates suggest there are 10 to 12 million individuals in the US holding foreign currency or securities, only a measly 3 to 4 million find their way to the Wells Fargo email list. The reason? Scores of people innocently bringing currencies home after vacations, dutiful military personnel from places like Iraq, charter flights operations, and many more reasons you wouldn’t suspect.
Anyone longing for higher exchange rates via the Exchange or Redemption Center will be granted a unique personalized 800 number (not to be confused with the pedestrian ‘1800‘ numbers). This number, mind you, is one-time-use only. Now, if anyone chooses to walk into a bank directly without this unique digital access, they’re effectively shooting themselves in the foot. The reason? Banks can only offer what’s known as the screen rate or the Forex rate, a measly sum compared to what one could obtain.
Interestingly, for most, exchange rates in the US stand as fixed, unyielding monoliths – unless, of course, one possesses a particularly hefty amount. (Zim) Bonds? Now, they’re a different ballgame. The rates of exchange, the interest, the fees after working with banks – it’s all up for negotiation, pulling the strings behind closed doors.
Your unique rendezvous at the Redemption or Exchange Center, however, comes with strings attached. No second helpings allowed! If you think you can dance twice at the same ball, think again. Should anyone attempt a sly double-dip, the repercussions will be swift and severe. A second appointment? Reserved for a different basket of currencies scheduled half a year later. And the Redemption and Exchange Centers? Open for a brief window of 4 to 6 weeks.
And while most would expect the end of this monetary ballet post the initial consultation, the climax is yet to come. Private Bank teams, with their vast networks, swoop in, ensuring anyone with redemptions over $1 million is shepherded into trust setups, private banks, and an exclusive world of perks not available to the average Joe.
What’s more? There exist Redemption Centers with the sole purpose of redeeming bonds, and Exchange Centers designed for currency-only aficionados. The safety at these centers? Top-notch. I have a hunch the military might be lurking in the shadows, ensuring iron-clad security.