Economist: The Central Bank exacerbated the dollar problem with a “disastrous” decision, 27 SEPT

 Economist: The Central Bank exacerbated the dollar problem with a “disastrous” decision, 27 SSEPT

Economist - The Central Bank exacerbated the dollar problem with a disastrous decisionOn Tuesday, the economic expert, Omar Al-Halbousi, described the decision to reduce dollar sales by the Central Bank to exchange companies as “disastrous,” and has negative repercussions on the exchange rate, stressing that the Central Bank’s unfair decisions and procedures will exacerbate the dollar problem.

Al-Halbousi told “ Jarida ”, “The process of reducing dollar sales by the Central Bank to exchange companies is a disastrous decision par excellence, which is leasing the dollar and monopolizing it to the banks that have delved into smuggling the dollar externally, or selling it on the black market, which the Sudanese recognized today.”

He added, “Also, the reduction in exchange companies’ sales of the dollar has negative repercussions on the exchange rate, which led to an increase in the exchange rate due to the limited supply of dollars in the exchange companies that the Iraqi citizen deals with to a greater extent than the banks monopolized by the few who did not adhere to the instructions of the Central Bank.” Rather, they are still violating these instructions and defrauding the American sanctions, which will expose Iraq to new sanctions on the banks, and a high possibility of imposing guardianship on the central bank, which colluded with the banks and did not implement the procedures fairly.”

Al-Halbousi continued, “The Central Bank’s decisions and unfair procedures and its fight against some exchange companies that are not affiliated with party bodies will exacerbate the problem of the exchange rate, and this measure is deliberate with the aim of continuing to increase the gap between the real exchange rate and the black market exchange rate, which brings huge profits to the monopolists.” The banks that control the black market and speculate with the currency in exchange for maximizing their profits at the expense of harming Iraq and its people.”

The economic expert stressed, “This proves that the Central Bank has become a tool for speculators to manipulate its decisions and procedures in order to achieve their personal interests and the interests of certain countries at the expense of harming Iraq, its people, and the exchange companies that are committed to the instructions of the Central Bank.”

jaredaiq.net

Iraqi Cabinet discusses a set of local files, 27 SEPT

 Iraqi Cabinet discusses a set of local files, 27 SEPT

Shafaq News / The Iraqi Cabinet, on Tuesday, announced several decisions as part of the financial reform program and issued instructions for the gas and electricity sector.

According to the media office of Prime Minister Mohammed Shia Al-Sudani, in a statement, Al-Sudani chaired the 39th regular session of the Cabinet, during which the developments in the country were discussed. They also reviewed the implementation of various national issues, the progress of the government program's priorities, and discussed the agenda items, issuing resolutions and recommendations related to them.

At the beginning of the session, Al-Sudani talked about his participation at the head of the Iraqi delegation to the United Nations General Assembly meetings held in New York. He discussed the meetings held on the sidelines of this participation with a number of world leaders, heads of states, international and global organizations, and the agreements and joint statements resulting from these meetings that support Iraq's international cooperation and enhance economic partnerships with sisterly and friendly countries.

Al-Sudani instructed all ministries to follow up on the outcomes of this visit and activate bilateral agreements and mutual understandings. He also renewed the government's commitment to international resolutions and principles of good neighborliness.

Moreover, Al-Sudani expressed his government's keenness to overcome the dispute with the sisterly state of Kuwait and make efforts to find a solution to the navigation issue in Khawr Abd Allah, in a manner that does not contradict the Iraqi constitution and international law. He emphasized that such crises can be resolved through understanding and rational dialogue, away from emotional language and provocative statements that only lead to more crises and tensions.

In celebration of Iraq's National Day, Prime Minister Al-Sudani directed the official holiday on Tuesday, October 3, 2023, in all government ministries and institutions, on this occasion.

https://shafaq.com/en/Iraq-News/Iraqi-Cabinet-discusses-a-set-of-local-files

Coffee with MarkZ and Andy Schectman 09/27/2023

MarkZ Wednesday 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

Mod:  GOOD MORNING EVERYONE, HOPING YOUR DAY IS AN EXCELLENT ONE!!

Member:  So much great news coming out of Iraq. Hoping MarkZ has some amazing news for us this morning.

MZ:  No update from banking/redemption center folks yet today….but a number of banking sources think we will get at least the announcement before the end of September. ..So there are 3 days left in Sept…..if they are going to right…its going to be now. 

Member: From Holly: Some very important things are going to happen ;1. The USA sanctions on auctions for Iraq are being lifted after 30 years!!!! Signed off by treasury last week when Iraq was in USA! Boom 2. Iraq is being part of the WTO by October 4th! They have to have an international rate to be part of it! Boom 3. Iraq is having their first ever Independence Day on October 3rd!! Congratulations Iraq! This means they are independent and their war has ended! This by far is the biggest boom ever!!!!! -Holly

MZ: It’s all coming together. Let’s pray this is it!!!

Member:  Wow MM and Angel1 hit a Grand slam last night!  Angel1  sounded really excited

Member: Militia man last night had angel 1 on. Knocked it out of the park.....Iraq to exit the auction Thurs night and pay bills with their own currency. . New holiday Oct 3rd. Independence day in Iraq

Member:  Militia Man said rate anytime between tomorrow and 4th

Member: At the end of the video they think RV could be for tomorrow

Member: I heard iraq may announce new money on oct 3rd

Member: October 3rd, Iraq Republic Freedom Day…or independence Day……

MZ: Looks like they are finally getting their freedom from us. 

Member:  Nader confirmed about all contracts before and after the RV in latest video.

MZ: MilitiaMan is talking about it, Nader is talking about it, I am talking about it, Articles are talking about it……

Member: Nader thinks he will be soon getting the rate

MZ:  I very much expect a massive breakthrough….if not a value change of direction by Oct 3rd. Banking sources still expect it sooner. I am anxious to know if the RC people will be working this weekend or not..That will tell me a lot. 

MZ: Be sure to follow MM, Nader and Frank……they have the best contacts on Iraq. 

MZ: “State contracts are executed in Iraqi dinar”  This is important and part of the de-dollarization process and the sovereignty of their currency. They are also converting old contracts to dinar as well. 

MZ: All eyes are now on the World Trade organization and Iraq’s ascension to it. 

MZ: Also “Iraq imposes dinar- only policy for domestic transactions” 

MZ: They say they are going to honor contracts at the “exchange rate” and that rate can change…and is expected to …but they want to make certain that the framework for all the contracts get converted based on the official exchange rate.   This is huge and Iraq has made enormous progress. 

MZ: This day in history….Iraq earns independence. This was in 1932 where they announced their independence from Great Britain. Why is this important? Look at the date. OCTOBER 3, 1932!!!!  I was very tickled when one of you guys sent that to me. 

MZ: is that not poetic that they are expected to give the announcement of their independence from US sanctions and the control over their money on October 3, 2023….this is interesting timing. 

MZ: “Oil headed for $150 without US support for more Shale drilling: CEO says”   

Member:  FEDERAL RESERVE, INC.; Company Number C22490-2000; Native Company Number - C22490-2000; Status - Permanently Revoked

Member:  I  think we all underestimated how big this really is financially. Legendary times.

Member: I had a VERY vivid dream, and I heard a voice say IT IS DONE! regarding the RV for both Iraq & Vietnam.

Member: Praying the rate change would be done by October 4th!!!

Member:  Thank you Mark to you and all the Mods, you try to keep us all grounded knowing that these blessings are happening.

Member: Everyone remember to keep your vibrations high 

Member: SUPER FULL MOON ON SEPTEMBER 29 - Full Moon September 29 2:57 am Harvest Moon.

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

“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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Coffee with MarkZ and Andy Schectman 09/27/2023

SA coalition reiterates commitment to peaceful resolution with Kuwait, 27 SEPT

 SA coalition reiterates commitment to peaceful resolution with Kuwait, 27 SEPT

Shafaq News / The State Administration coalition reaffirmed, on Tuesday, its commitment to respecting Kuwait's territorial integrity and resolving issues through peaceful means. This statement came during a periodic meeting of the State Administration Coalition held at the government palace.

The meeting, as per a statement, addressed various important political, economic, and service-related issues. Iraq's Prime Minister Mohammed Shia al-Sudani discussed the details of his visit to New York and Iraq's international and regional relations.

The meeting also discussed Iraqi-Kuwaiti relations in light of developments related to the maritime border issue between the two countries and the policies of the previous regime.

The participants emphasized that Iraq is governed by a constitution based on the separation of powers. They also stressed the rejection of the methods used by the previous regime in dealing with neighboring countries and international relations, which imposed heavy costs on Iraq.

In this regard, the participants agreed on the following:

1. Iraq respects the sovereignty and territorial integrity of Kuwait and is committed to all its bilateral agreements with countries and United Nations Security Council resolutions, including Resolution 833 adopted on May 27, 1993, which was approved and signed by the former Baathist regime.

2. All problems should be resolved through peaceful means, rejecting the use of violence in Iraq's relations with neighboring countries and others. Negotiations and dialogue should be used as means of resolution, avoiding provocative statements.

3. Support for the government's efforts to continue negotiations to resolve some outstanding issues between Iraq and its sisterly Kuwait, preserving their legitimate rights.

https://shafaq.com/en/Iraq-News/SA-coalition-reiterates-commitment-to-peaceful-resolution-with-Kuwait

A “major demonstration” followed by a comprehensive strike… exchange companies rise up against the Central Bank, 27 SEPT

 A “major demonstration” followed by a comprehensive strike… exchange companies rise up against the Central Bank

9-26-2023

A major demonstration followed by a comprehensive strike... exchange companies rise up against the Central BankOn Tuesday, exchange companies in Iraq confirmed their readiness to begin a “major demonstration” next Thursday, followed by a comprehensive strike in all governorates, in protest against the decisions of the Central Bank, announcing that the latter would hand over a package of demands that would contribute to the stability of the local market and support the private sector.

The exchange companies said in a statement followed by “ Jarida ” that they “announce their readiness to begin a wave of protests that will begin with a major demonstration next Thursday, October 5, followed by a comprehensive general strike in all governorates, stopping the activities of all companies, and officially exiting the currency auction window.”

In protest against the severe confusion in the decisions of the Central Bank, the hostile and retaliatory practices, and the illegal penalties and deprivations that affected more than 1,000 companies and contributed to the rise in the exchange rate of the dollar and causing severe damage to the private sector, of which exchange companies are considered one of its most important pillars, with a number of companies amounting to 2,000 companies and employees of more than 10,000 employees. They have a prominent role in turning the wheel of the Iraqi economy and sustaining its activity.”

The exchange companies announced that “the Central Bank has delivered a package of demands that contribute to the stability of the local market and support the private sector, the most prominent of which are:

1- Stop all arbitrary measures, the policy of revenge and sanctions, and exercise the evaluative supervisory role of the Central Bank’s departments so that financial institutions can develop their work and continue their activities.

2- Re-introducing the legal contexts previously in effect by inquiring and clarifying with the company before issuing penalties and deprivation letters.

3- Putting an end to the arbitrary dealings and injustice that befell companies and issuing clear and binding schedules showing every violation and its punishment.

4- Returning the companies’ previous cash shares to the companies to meet the needs of travelers and to cover the expenses of continuing their work.

5- Completing late transactions and resolving them as quickly as penalties are issued.

6- Uprooting the corrupt elements nested in the departments of the Central Bank and urgently rotating the corrupt elements who intend to harm this institution in particular and the Iraqi state in general.”

jaredaiq.net

"RV UPDATE" BY HOLLY, 27 SEPT

 Thoughts From Holly:

Some very important things are going to happen;

1. The USA sanctions on auctions for Iraq are being lifted after 30 years!!!! Signed off by treasury last week when Iraq was in USA!

Boom 2. Iraq is being part of the WTO by October 4th! They have to have an international rate to be part of it!

Boom 3. Iraq is having their first ever Independence Day on October 3rd!!

Congratulations Iraq!

This means they are independent and their war has ended! This by far is the biggest boom ever!!!!! -Holly