Al-Shammari: No US sanctions on Iraq and negotiations with Iran to create a platform for currencies other than the dollar, 31 OCT

 Al-Shammari: No US sanctions on Iraq and negotiations with Iran to create a platform for currencies other than the dollar

Al-Shammari said in a press statement, "In the past, we were astonished at the money laundering operations at the currency auction, and the cries were rising from all political, social, and popular classes because it was a drain on the national economy," noting, "There were major money laundering operations that benefited countries, organizations, and corrupt people."

He added, "The launch of the platform is Iraq's entry into the international financial and economic system. There are no sanctions imposed on Iraq by the US Treasury, but sometimes there is a tightening of standards to deliver potential political messages."

Al-Shammari pointed out that “the previous government did not prepare the requirements for implementing the platform system, and Al-Shammari: 90% of major companies entered the platform after the percentage did not exceed 5%,” noting that “operations against dollar speculators are continuing.”

He continued, "The security services are on alert to pursue dollar speculators," stressing that "basic foodstuffs were not affected by the price of the dollar."

Al-Shammari explained, “The average value of bilateral free trade between Iraq and Iran is approximately $20 million per day if we adopt the annual trade volume of $5.5-6 billion,” noting that “there are negotiations with the Iranian side to create a platform for new currencies other than the dollar to secure intra-trade between the two countries.” ".

He said, "Visa Direct is a new banking service launched by one of the most important digital banks in the country under the supervision of the Central Bank and in cooperation with Visa International. The Central Bank seeks to generalize the experience to the rest of the real banks operating in the country."

He continued by saying that “Visa Direct is a banking service that will provide a banking service to local merchants who transfer small amounts of money outside the country within 30 minutes while sitting at home, and this will help in the collapse of black market prices and the speculation of speculators,” pointing out that “the Visa Direct service is a basic and strategic start.” of the banking and financial system in Iraq.   LINK

What should be put in Sudanese's bag during his visit to Washington?, 31 OCT

  What should be put in Sudanese's bag during his visit to Washington?

The expert in Iraqi-American affairs and relations, Kato Saadallah, revealed the files that should be clarified in the bag of Prime Minister Muhammad Shia al-Sudani during his visit to Washington.

Saadallah said: For the program {Free Speech} broadcast by Al-Furat satellite channel this evening, it said: “A Sudanese visit to Washington must bring in his bag of achievements to prove to the American ally how he will deal with him in terms of oil, the economy, the dollar, the banking system, and others.”

He added, "The Sudanese was sent to Washington to solve the dollar problem and he made great efforts, but the dollar problem is more internal than external and is in the hands of those who control prices." Saadallah continued, "The Sudanese enjoys American and regional support, and America is putting pressure on the region to avoid complete chaos."

He stated that "investment companies refrain from entering Iraq because of the bad banking system, and the United States has demanded an internationally recognized banking system for its companies to invest in the country." 

Saadallah pointed out, “The evaluation of any government takes place within a period of 3-6 months, and all political forces agree to support the current prime minister, and Iraq is affected by events in the region and makes Sudanese’s task difficult.” 

He added, "The fault is not with the Prime Minister, but with the forces that claim to support the Sudanese and create crises to hinder his work."

Saadallah concluded by saying, "There are still forces controlling Iraq and its internal policy, and we do not have the freedom to choose the decision 100%; but if the political forces strongly support the Prime Minister, all decisions will be implemented."

Prime Minister, Muhammad Shiaa Al-Sudani, received an official invitation from US President Joe Biden to visit the White House, after months of ongoing controversy inside Iraq, over Washington’s postponement of the visit, which was delayed “much” since Al-Sudani took office last October.

Wafaa Al-Fatlawi   LINK

Iraqi Dinar Global Stage | Iraq's Ascent to WTO Full Membership"

"RV UPDATE" BY MARKZ, 30 OCT

 MarkZ 

  [via PDK]   Question:  ...how do you RI at $3 with 90 TRILLION of Dinar printed? 

 MarkZ:  Good Question:  

There has been a number of stories in the recent past that they have gotten trillions of dinar off the streets or confiscated.

 We shared many of them over the last 9 months that they have pulled back in as much dinar as they could. Also they will pay for the RV over time with the “Oil for Dinar” program... 

 A lot of rumors coming out of Iraq right now.  They still think they are a “GO” by Nov.1st...If you listen to the rumors- things are still beyond fantastic…Guess we will find out in the next day or two.

...news out of Iraq. Boy, they have a lot of anticipation between now and the 1st of Nov. With heavy emphasis on this weekend.  Lots of chatter for a rate change by the 1st.

 Iraq is trying to totally de-dollarize by Jan 1st so this means they have to move quick…they cannot de-dollarize unless they have a currency with a larger value. …

I still believe it will happen before the end of the year. There are some great global things happening and pointing to how close we are.

Navigating Turbulent Tides: Iraq’s Financial, Legal, and Political Challenges, 30 OCT

 Navigating Turbulent Tides: Iraq’s Financial, Legal, and Political Challenges

In the intricate dance of geopolitics and economics, Iraq finds itself in the spotlight, grappling with a host of challenges, ranging from financial to legal disputes. Among the latest developments, the Iraqi parliament has announced an imminent financial aid package of 700 billion dinars for the Kurdistan Region – a lifeline that aims to support the salaried employees in a region grappling with economic strain.

Financial Relief Amid Economic Strain

The news of this financial aid package comes as a breath of fresh air for the Kurdistan Region, which has been wrestling with financial difficulties. With the region’s salaried employees bearing the brunt of these economic challenges, the aid package is expected to alleviate some of the strain, ensuring salaries are paid on time. Yet, this is but a drop in the ocean of challenges the region faces.

Legal Disputes on the Horizon

Adding to the region’s woes, the Federal Supreme Court is slated to convene on October 29th, with three complaints related to the Kurdistan Region on its docket. These complaints indicate ongoing disputes between the federal government and the Kurdistan Regional Government (KRG), signaling a deeper, systemic issue that extends beyond temporary financial relief. The outcomes of these cases could potentially have far-reaching implications, shaping the future relationship between the federal government and the KRG.

Exchange Rates and Corruption

As legal battles loom, the Iraqi dinar has managed to stabilize against the US dollar. This stability is a welcome sign for the economy, providing a semblance of certainty for businesses and investors. Yet, inconsistencies persist, with money exchangers selling the dollar for more than its official rate. Amid this, the Central Bank of Iraq has launched an electronic reservation service for dollars, marking a significant step towards modernization. But with the convenience of digital transactions comes the risk of fraud, prompting a warning from the Central Bank against unlicensed entities issuing electronic payment cards.

On a more positive note, the Supreme Judicial Council has managed to recover 775 million dinars from individuals accused of financial and administrative corruption. This signifies the government’s commitment to combating corruption and fostering transparency, crucial steps towards improving Iraq’s business environment.

Political Tensions and International Relations

On the political front, the Kurdistan Regional Government has expressed frustration over delays in receiving funds earmarked for employee salaries. This issue has escalated to the point where a government delegation from Erbil is set to visit Baghdad for discussions. The tension between the two governments underscores the complexity of the financial and political landscape in Iraq.

Meanwhile, in the realm of international relations, the anticipated visit of Prime Minister Mohammed Shia al-Sudani to Washington is a topic of discussion. The visit is shrouded in expectations and speculations, with the potential to shape Iraq’s relationship with the US. However, it also raises the specter of potential repercussions, should Iraq choose to sever ties with Washington.

In summary, Iraq’s journey is marked by an intricate interplay of financial, legal, and political challenges. However, amid the complexities, the country also reveals signs of resilience and progress. The question remains: Can the government sustain these efforts and navigate the turbulent tides of change?

https://bnn.network/bnn-newsroom/navigating-turbulent-tides-iraqs-financial-legal-and-political-challenges/

Al-Awadi: The Government May Have To Sell The Dollar Directly If The Crisis Continues, 30 OCT

 Al-Awadi: The Government May Have To Sell The Dollar Directly If The Crisis Continues

 10/29/2023  888 views   The Iraqi government spokesman, Bassem Al-Awadi, revealed today, Sunday, what the government of Muhammad Shiaa Al-Sudani achieved during the first year of its life,

pointing out that the latter placed a set of political norms in the government program, while stressing that the government may be forced to sell the dollar directly if the crisis continues.. Al-Awadifi said in a televised interview,

  “The result is optimistic in the first year of the government’s life and we seek to provide the best,” noting, “Al-Sudani established a set of political norms within his government program that were based on the basics of addressing poverty, unemployment, employment, and services,” explaining that “Al-Sudani established executive oversight.”

On the decisions and orders issued, a semi-annual report was also prepared to evaluate the government’s performance, and this is something that did not exist previously.” He added, "The government achieved more than 35% of the government program in its first year."

He stated that during the first year, the total amount of funds to be preserved from waste reached one billion dollars, and more than one hundred million were recovered, while the number of reports reached 30,000, 8,690 people were brought in for investigation, 3,015 arrest warrants were issued, in addition to the arrest of 1,300 people, and the recovery files amounted to Fugitives 70 files .

 Al-Awadi touched on the dollar crisis, stressing that this crisis is major and affected the rise in the prices of cars, real estate, and construction materials,

 but the government was able to maintain food prices, and this is most important.

 He explained that trade with China will be opened in yen value, and our trade with Iran and the UAE will be in tomans and dirhams.

He pointed out,  "The government may have to sell the dollar directly if the crisis continues and through government exchanges," noting at the same time that "inflation in Iraq decreased by 4%."

Regarding Al-Sudani’s speech during the Cairo summit and the rumors about Washington’s anger, the government spokesman stressed that “Iraq is a sovereign country and has a decision, and in his speech he expressed the position of Iraq and its people, and we do not care who accepts or is upset.”

Ali stressed,  "We did not receive threats regarding Al-Sudani's speech," adding that  "protecting missions is the government's responsibility and it must carry it out properly."

https://www.nrttv.com/ar/detail3/16777

Evening News with MarkZ. 10/30/2023

Monday Evening News with MarkZ 

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:  Hello and good evening to everyone

Member: Hey Mark- RV there yet?

MZ: There is a ton of rumors from the rumor mill today. I’m hearing that many are looking at tonight. May be circletel.  I’m not saying it’s impossible but have not heard it from any of my solid contacts. So I’m not getting excited …yet. 

MZ: Nader pointed this news article out that they are still getting all their money into a new modern system in Iraq. 85% of their cash is held outside the banking system right now. 

MZ: “ US Central Bank eyeing Digital dollar to counter BRICS pay” A number of states have already outlawed the digital dollar. I’m not worried it will pass but they will keep pushing it. 

MZ: BRICS Pay is not a digital currency…It’s a system alternative to the SWIFT system and its available to everyone in all countries. Not just BRICS countries. 

MZ: “Country Garden has defaulted on its debt- What’s next?” This is another Real Estated company in China and they are scrambling to pay or they will be sold off piecemeal. This is the second Real Estate developer to default recently….More to follow. 

Member: I heard Reno was a no fly zone now.

MZ: I heard that too…but havn’t had time to check.

Member: Chase has large screen tvs advertising wealth management not FDIC insured 

Member:  FYi friday, friend in Denver went to CU/deposit/cashback. Ask for new money, Teller said, not yet! Seen it? Yes,in vault. When available? Ask mgr./ 13 Nov. hopefully????

Member:  Think we must RV before the new money comes out. so if they think Nov 13 at the CU and have the new money in Vault! I am so excited

Member: Wolverine says it’s happening as we speak.

MZ: A lot of people are saying it’s happening as we speak. And that is going right now and we will see the fruition at some point tomorrow.  We’ll see. I know we are close and can feel it …I

 Member: Frank 26 said the US government or treasury got the exchange rate

Member: WS said, the US Treasury has already started some exchange with the CBI

Member: I don’t think we will get our reset until the system crashes. 

MZ: There has always been a couple options on that one. The pros of letting it crash are it will be easier to adjust values on things. The negative is a lot of panicked people will suffer….There will be a lot of unrest. 

MZ: If they do it before the system crashes there will not be unrest but they think it will be tougher to reset prices.  

Member:  I have stopped asking how stupid this can get, I fear they are taking it as a challenge...

MZ: I will be traveling  tomorrow….. so no scheduled podcast. I may try to squeeze one in from my laptop if I can. 

Member: If anything goes down, just do a quick podcast tomorrow from the airport or where ever just to let us know!!

Member: Thanks Mark and have safe travels tomorrow. 

“THE INFO IN THIS PODCAST IS FOR GENERAL INFO & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY.

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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.