FIREFLY: The television is talking about some economist...we trust him, saying Iraq needs to bring the dinar to a register inside of a basket with internationals...Then they say to us the reason for this is so the black market can be dealt with.
FRANK: This monetary reform education is at its best!
FIREFLY: The talks are about bringing value to the dinar. They also say they're going to give us metal currency. Coins...
FRANK: This is the part where I tell you, I told you so! Lol..They prepare you inside of Iraq for your new exchange rate by telling you about the coins. Those are even smaller than the new small category notes...
To see it right now is perfect timing...In these last final second of all this information is being given to you about your monetary reform... Congratulations. Every day is one breath closer to you new exchange rate before 2024.
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: THANK YOU TO OUR VETERANS FOR YOUR BAVERY, SERVICE AND SACRIFIC!... GOD BLESS YOU ALL!
Member: Happy Veterans Day and God bless those whom served and our serving.
Member: I heard it rumored that the Chinese like numerology. 11/11 sure sounds like a good number to me!! Just let it go.
Mod: We start by honoring our veterans, Armistice reading, followed by the news and then some relaxed weekend time with the Matt and Lucas.
MZ: We are still watching to see what happens with the bond folks this weekend. There is a lot of focus on them this weekend and whether we are going to get a announcement and they get free movement of money .
MZ: The earliest we expected things was Friday evening…..The most probable time is Saturday. But there is nothing yet.
MZ: Mr. C has not been paid yet but, there is a lot of hope for this weekend. We really don’t expect any fireworks until later today. Don’t worry- I will share if I hear anything. If I do not come back with another video you will know things are still in the rumor mill and not ready to go yet.
MZ: MilitiaMan dropped a great video last night. Around the 15-16 minute mark has the article we talked about last night. Talking about the need to ascent to the World Trade organization with a accepted, international currency. And how this will sure the woes of other nations, the Fed, The Western banking world ect……..and how the dinar needs ot be included in the basket with other currencies…like Kuwait and Jordan ect……some of the most valuable currencies in the world. We know its coming….It is being discussed.
Member: Frank26 said last nite that WTO apparently was in Kurdistan with Barzani & Sunsmi. Said the currency was restriction free “ and to prepare to register inside a basket of international currencies.
MZ: Iraq is embracing alternative currencies like the Indian Rupee and the Chinese Yuan. Euro ect…….Many interesting things happening in Iraq that points to an ”International Currency” This means a new rate.
MZ: “The seventh Ambassadors conference confirms the increase in Iraq’s effectiveness regionally and internationally” Leaders from different regions got together to talk about their progress. This was a especially fruitful conference in Iraq.
Member: CBI, Federal Reserve sign deals to ease forex transfers from Iraq after intensive meetings in UAE..
MZ: In Vietnam: “ Lego’s 1Bn factory in southern Vietnam is 26 percent complete” Why is this important? It’s important because international business is looking at Vietnam as secure and stable…..They are employing up to 4 thousand. IMO this is a great one.
Member: RBC (Royal Bank of Canada) is buying HSBC in Canada for 13.5 billion
Member: Today is an 11:11 portal day! A day to manifest what you truly want. What you believe u can achieve. Best time is of course 11:11. 11am-11pm works also. Let’s manifest this RV in!!!
Member: Happy Veterans Day. A Big Thanks to All the Veterans that Sacrificed their lives for our Freedom. God Bless you all.
Member: Chocolate raises your vibration BIGTIME
Member: Everyone have a great weekend!!!
“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
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.
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Official source: Importing the dollar is legal according to effective instructions, 11 NOV
2023-11-10 11:08
Official source - Importing the dollar is legal according to effective instructionsShafaq News/ On Thursday, an official source refuted the allegations that there was no legal basis for the process of importing foreign currency by Iraqi banks.
The source told Shafaq News Agency: The decision of the State Shura Council (No. 2/2011) dated 1/10/2011, which says (there is no legal basis for importing currency) is correct. However, the Central Bank of Iraq issued its instructions in July 2011 and published them in the Iraqi Gazette, pointing out that every instruction published in the Iraqi Gazette is considered… A valid legal document.
Wednesday; The Central Bank of Iraq decided to allow Iraqi banks to import foreign currency according to 5 conditions.
It was stated in a letter sent by the Central Bank of Iraq to the licensed banks and obtained by Shafaq News Agency, “Based on the requests received to the bank, and in order to provide the required flexibility for banks operating in Iraq, it was decided to allow you to import foreign currency from outside Iraq while adhering to the following: –
1- The amounts shall be used for the purposes of meeting the requests of your customers from duly registered companies, organizations and bodies, and individuals working for foreign companies or institutions who receive remittances from outside Iraq.
2- Submit a request to the Central Bank of Iraq (Banking Control Department) that includes the quantity required to be entered along with the details of the shipment.
3- Payments must be entered exclusively through air ports.
4- Your commitment to register the serial numbers of these shipments and provide the Banking Control Department with them and the data of their recipients later.
5- Providing the Central Bank with the name of the foreign shipping company along with a copy of the license granted to it in its country.
The Central Bank of Iraq confirmed its continued provision of foreign currency to meet customer requirements and in accordance with instructions and controls in this regard.
A parliamentarian answers… Will restarting factories reduce demand for the dollar?, 11 NOV
11-10-2023
A parliamentarian answers... Will restarting factories reduce demand for the dollarInformation / Baghdad
Today, Friday, a member of the House of Representatives, Salem Al-Anbuki, explained the impact of restarting factories on the dollar in the Iraqi markets, while pointing to the factors of pressure on the parallel market.
Al-Anbaki said in an interview with Al-Ma’louma, “The most important factors putting pressure on the parallel market and pushing dollar prices to rise is the lack of national products that enable them to contain market demands for many goods, which leads to the import of approximately 95% of needs, which requires the availability of hard currency.” To the dollar.
He added, “Reconsidering the national economic strategy, pushing factories and laboratories to produce, and closing the large gap in the import balance will reduce the demand for the dollar by no less than 70%, which means a greater decline and gives greater flexibility in the markets.”
He pointed out that “the rise in the dollar causes severe harm to more than 13 million people who are below the poverty line because of its impact on raising prices, especially basic food items.”
The currency market in Iraq is witnessing a rise in the dollar exchange rate in recent weeks, especially as it approaches breaking the barrier of 170 thousand dinars per 100%.
[via WiserNow] ...first of all regarding Iraq, very early in the morning...Friday...the ATM machines which have been loaded with lower denomination dinar...meaning being 5 / 10 / 20 /50 / 100’s - sort of like we would have 20s in our ATMs.
I don't know how many different denominations they have...those are activated early this morning for the first time – that’s new...So the lower denomination dinar are in the ATMs and were utilized...
[via WiserNow] ...we heard that redemption centers had two conference calls... to go over the final details, last minute touches...Before we go...
they did say that this came off the calls, that we should have our notifications delivered to us by email tomorrow late morning...
CBI, Federal Reserve sign deals to ease forex transfers from Iraq after intensive meetings in UAE: official source
Shafaq News/ The Central Bank of Iraq (CBI) and U.S. representatives have inked breakthrough deals to ease restrictions on foreign transfers from Iraqi banks, a government source revealed on Saturday.
Iraq's official news agency quoted an official source saying that a series of intensive meetings have been held over the past few days in Abu Dhabi to streamline procedures for foreign transfers via the foreign currency sales window at the Federal Reserve.
Key outcomes include agreements to streamline the USD balances of five Iraqi banks at Jordanian financial institutions, simplify transfers via JP Morgan, and provide robust justifications for rejected transfers, the source said.
The negotiations involving a prominent UAE bank, the Central Bank of Iraq, and U.S. delegates were convened to establish a UAE Dirham pilot at Iraqi banks.
"The process is poised to kick off in the coming days," the source added, "final-stage negotiations are also in progress to reinforce balances of select Iraqi banks in euros at the UBAF bank, facilitating trade with the European Union."
The official source revealed that many banks will be able to benefit from balances in Chinese yuan through the Singapore Development Bank.
"Six Iraqi banks have been included, with plans to incorporate seven more," the source continued. "This initiative is geared towards financing Iraqi imports from China, estimated at a substantial $12 billion annually."
Those deals, the source explained, will help fund Iraq's imports from India, specifically pharmaceuticals and food items, which are valued at nearly $3 billion annually.