Kurdistan Council Reconsiders Decisions: A Fervor for Arts and Oil Rights, 15 NOV
The Council of Ministers in the Kurdistan Region is set to reconvene, following a significant visit by Prime Minister Masrour Barzani to the Erbil Institute of Fine Arts Festival. The visit marked the Prime Minister’s commitment to fostering the arts and culture, which stand as potent symbols of the region’s rich history and national significance.
Reviving the Cultural Pulse
During his visit, Prime Minister Barzani expressed his full support for the blossoming of arts and culture in the region, a move that signifies the Kurdistan Regional Government’s (KRG) recognition of the importance of cultural preservation and its role in nation-building.
Securing Financial Rights
Enveloped within the Prime Minister’s engagements was a crucial meeting with Iraq’s Oil Minister. The primary focus of the discussion was the KRG’s adamant insistence that the federal government respect the constitutional rights of the Kurdistan Region, particularly concerning financial entitlements.
Oil Production: A Crux of Agreement
Further, the Iraqi oil minister elucidated his expectations of reaching an agreement with the KRG and foreign oil companies. This agreement aims to resume oil production from the oilfields within the Kurdish region within three days, a move that holds substantial implications for the region’s economy and its relations with Iraq.
Iraq Initiates Economic Measures Amidst Global Economic Fluctuations, 15 NOV
As fluctuations in the exchange rate of the Iraqi dinar against foreign currencies, notably the US dollar, continue to unsettle the economy, the Iraqi government is initiating measures to steady the ship. In the center of the storm is Prime Minister Mohammed Shia al-Sudani, who has directed government bank managers to chalk out a plan within a month aimed at refining banking operations.
Transition to Electronic Banking
The plan, as it stands, includes a substantial leap from paper-based to electronic banking. The shift is expected to be complemented by the expansion of electronic payment services, thus paving the way for a more digitized financial landscape. Furthermore, the blueprint also entails developing a comprehensive vision for granting credit facilities and loans.
Trade Negotiations with Iran
Meanwhile, a government source has revealed that negotiations with Iran are underway. The discussions are aimed at regulating trade between the two nations. The proposed measures being considered include facilitating import procedures, establishing a free trade zone, and developing electronic payment systems.
Economic Fluctuations Elsewhere
While Iraq grapples with its economic challenges, France’s unemployment rate climbed to 7.4% in the third quarter, the highest since Q2 2022. A slowdown in economic growth in both Europe and globally has been cited by the French Finance Minister as the root cause for the increase. However, China offered a glimmer of hope as its industrial output and retail sales exceeded expectations in October, despite the real estate sector acting as a stumbling block to a full economic recovery. The Chinese government’s attempts to jump-start the economy post-COVID-19 through policy support measures have so far had only a modest impact.
US Sanctions Waiver
In another development, the Biden administration has extended a sanctions waiver for Iraq by four months, permitting the ongoing purchase of electricity from Iran. Critics argue that the extension rewards Iran amidst increasing pressure to discontinue support for proxy groups. Despite the backlash, the waiver maintains the provision for electricity proceeds to be transferred to accounts in Oman, converted into widely traded currencies, and used by Iran to buy non-sanctioned products. This move seeks to decrease Iran’s leverage over Iraq while keeping US Iran policy intact and sanctions unchanged.
The Prime Minister Directs The Directors Of Government Banks To Submit A Plan Within One Month To Develop Their Work, 15 NOV
Economy News – Baghdad Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani directed the directors of government banks to submit a plan within one month in order to develop the work of the banks.
The media office of the Prime Minister stated in a statement received by Al-Iqtisad News that “Prime Minister Muhammad Shiaa Al-Sudani chaired a meeting that included the Minister of Finance, the Governor of the Central Bank and the directors of government banks,” indicating that “the meeting during which the work mechanisms and procedures achieved in administrative and banking reform were followed up.” , which the government has begun implementing, and constitutes one of the work priorities included within the comprehensive economic reform in the country.”
The Prime Minister directed “all government banks to prepare a plan to be submitted within one month, to develop the work of banks that includes the optimal use of financial, human and technical resources, moving from paper work to automated work, electronic dealing with all banking activities, expanding electronic payment services, and developing a comprehensive vision for banks in granting facilities.” credit and loans, and developing work mechanisms, including control and oversight tools.”
He stressed that "bank managers will be subject to performance evaluation in light of their implementation of the plan and the amount of achievement," stressing that "the real reform that the government was keen to achieve is based on banking reform, and it is determined to make bold decisions in order to implement this reform in a way that contributes to improving the investment environment." And developing the work of the public and private sectors.
The meeting witnessed a discussion of the implementation of the comprehensive banking system, through the use of advanced electronic programs and modern technology in all banking transactions, and a discussion of the development plan presented by the international company (Ernst & Young) regarding the restructuring of Rafidain Bank, to ensure the development of its business and the provision of a package of integrated banking services to citizens. Companies and similar international banks.
The Prime Minister directed "banking departments to seek international expertise by contracting with consultants specialized in banking and financial work."
A Government Source Reveals A Package Of Measures To Address The Difference In The Exchange Rate
Economy | 11/14/2023 Baghdad - Mawazine News Today, Tuesday, the government took a package of measures to address the difference in the dollar exchange rate.
A government source said in an interview with Mawazine News, “Among the measures is organizing the import process and ensuring the entry of the largest number of merchants and importers to the foreign currency sales window by facilitating account opening procedures, deposit operations, and other procedures related to issuing the importer’s identity, which will facilitate the (know your customer) requirements for the category.” Merchants and importers.
He continued, "The government and the Central Bank are conducting ongoing negotiations with the Iranian side to regulate trade between the two countries and make the best options regarding payment of dues and amounts, and discussions are taking place at a good pace."
He stressed that "Prime Minister Muhammad Shiaa Al-Sudani directed work on a number of important projects to ensure that the poor and middle-income groups are not affected by the exchange rate difference, as the Ministries of Commerce and Health are working to import important materials and provide them in Iraqi dinars at stable prices, an example of which is the food basket project (which prevails at stable prices)."
And the pharmaceutical basket, the construction basket, and the basket of reserve materials for the transportation sector... some of which work began a while ago.”
He pointed out that "the government is now working on an (equal deal) project to exchange trade and imports with some countries, such as China and India, and in their own currencies from Iraq's main trading partners, such as India, China, and some neighboring countries."
He explained, "The government is currently studying establishing a free zone to import materials and then market them to the private sector and ensure their delivery to the consumer at competitive prices and in the Iraqi dinar, in addition to studying a re-export project, and there are important discussions in this regard."
He stated that "the government issued a series of measures to develop electronic payment systems and reduce dependence on cash... and a series of other decisions will be issued in the coming days regarding pricing and incentive policy for services provided through electronic payment."
He continued, "The Prime Minister directed the activation of a joint committee between the government, the central bank, and the private sector, under the supervision of his office, to hold serious discussions with the US Treasury regarding transfers through the foreign currency selling window, and the committee has begun its meetings from now."
He continued, "The government is holding ongoing discussions with the Central Bank of Iraq on a number of topics, including facilitating procedures related to Iraqi banks importing the (cash) dollar. This process has already begun with some banks importing the dollar, and the process will expand to include other banks, and work is also underway to proceed."
By concluding agreements to supply the currencies of some countries to be provided through banks and banking companies to meet the needs of Iraqi pilgrims going to those countries without the dollar currency.” https://www.mawazin.net/Details.aspx?jimare=237763
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 All. Hope everyone had a good day today.
MZ: We have some very interesting chatter this evening. I have gotten this from many banking sources that they are expecting instructions very soon. Specifically instructions for “Foreign Currency Exchanges”!!! This is the event that we are looking for. I have heard this now from 3 different banking sources.
MZ: So Nobody knows the exact date…but they are expecting instructions at any moment and are prepared. They know it’s coming. Banking people from the mid-level up know it’s coming and are prepared for it. IMO this is great news.
MZ: “BRICS currency to be more attractive than US dollar, pound and Euro: Minister” He says this new currency is becoming more and more attractive because of commodities. What happens every time fiat crashes? Commodities rule the day.
MZ: Morgan Stanley is now troubled and under investor concern. The big banks are now troubled . We are one incident away from a landslide.
Member: Big story for me today was that Michael Burry closed his S&P and Nasdaq short position … lost 40% ( 1.6 bulky)!!
Member: Mark- RV before Thanksgiving ?
Member: Yes- let us see the end of this movie before Thanksgiving.
Member: I don't know when "the event" is coming, but I'm sure feeling really good these days.
Member: Nader said he was surprised he didn't wake up to it this. a m
Member: Thank you Mark for all your time and all you do you are so much appreciated
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On Sun. 19 Nov. all banks must be compliant with Basel 3 and ISO20022, the global standard for financial information over the new Global Financial System on the new Star Link Satellite System. If not, they cannot function as a bank. ISO2002 was set to revolutionize the way financial transactions were communicated, enhancing efficiency and reducing risk. Also on Sun. 19 Nov. was the Global Currency Reset implementation date for HSBC, JP Morgan, Citi Bank, Credit Swisse, Wells Fargo, Bank of America and other major financial institutions around the World.
On January 20, 2024 the fiat US Dollar would be replaced by the gold/asset-backed US Note; all such gold/asset-backed currencies across the Globe would be on par 1:1 with each other, Social Security benefits will be much higher and the SS R&R payments would start on a monthly basis.
In three to six months the Rodriguez Trust will begin to administer “universal basic income” for citizens of all GESARA-compliant countries. The amount per individual or family will depend on the status, needs, employment level and age of the person/family and will work to encourage people to work if they can.
Global Currency Reset:
Tues. 14 Nov. Wolverine: “I have word that this may happen tonight at midnight Reno time. Today my contact, who is a very high up Bond Holder, was adamant that this will happen this week.Yesterday(Mon. 13 Nov.) he was told it would happen before midnight Reno time last night. Of course, that didn’t happen, but it needs to happen soon because the World is in a complete financial chaos.”
Tues. 14 Nov. Bruce: OnTues. 14 Nov. aMilitary source said this could happen at any min., or by this weekend. The US Treasury wants the Zim redemption done by Wed. 22 Nov. before Thanksgiving. Redemption Center heads want the exchanges done and 90% of the Centers closed by that same
Wed. 22 Nov.
Tues. 14 Nov. TNT: “They’re supposed to announce sometime this week that Iraq is an active member of the World Trade Organization, and they have to have an international currency to do that. Their guy in Iraq said that the new rate was supposed to show up on Forex today, but it didn’t. The banks had meetings today at the branch level and were told that the RV is happening right now. It could be at any moment.”
Tues. 14 Nov. MarkZ: “I have gotten from three different banking sources that they are expecting instructions for foreign currency exchanges very soon. Nobody knows the exact date. Banking people from mid-level up know it’s coming. It could go any day.They want things completed, fully active and everything done by Jan. For that to happen it could go any day. I heard one banking story from a local bank. After telling a person that investing in currencies was not a good thing….yesterday the teller asked if he still had those currencies as he just heard they will be exchanging them soon.”
NESARA and GESARA have been activated. NESARA was about 68% implemented, while GESARA was about 46% implemented.
Overnight Sun. 15 Oct. the Banks completed the remaining layers of payments, plus the IMF and World Bank held their last meeting.
By Mon. 16 Oct. the Iraqi Dinar had revalued and began trading on the back screens of the Forex.
On Fri. 27 Oct. the Dinar went international according to Alex Collier and the US began pulling 3,600 US troops out of Iraq so Iraq could declare Iraq a Sovereign Nation.
Around Mon. 30 Oct. the country of Columbia revalued their currency – so now we have at least two countries – Iraq and Columbia – which have revalued their currencies, perhaps more.
Oct. 31 All Hallows Eve Middle Eastern nations no longer accepting the fiat Petro US Dollar for oil trade, was expected to soon cause a devastating Stock Market Crash – bringing in the need for a Global Currency Reset.
November, 2023: The Emergency Broadcast System, or Emergency Alert System, or Emergency World System will activate in November.
On Thurs. 2 Nov. Donald Trump posted “It’s Time” and stated that the biggest event we will have in this country will happen this month of November 2023.
Fri. 3 Nov. 10:42 am: Dubai International Financial Center gave Greenlight for XRP and the House Financial Services Committee passed a bill to prevent the Federal Reserve from creating a Central Bank digital currency.
Sat. 4 Nov. NESARA/GESARA was activated; the US was no longer privately owned by foreign entities and under the Restored Republic (designed after the Republic of 1873); the gold/asset-backed BRICS countries were paying with their own currency for international trade (the demise of the fiat US Dollar) and the new gold/asset-backed US Note went live according to Dr. Charlie Ward, Head of the Redemption Committee for the Global Currency Reset.
Bruce: On Wed. 8 Nov. the Military gave the GCR a go ahead, the Green Light from Treasury was turned on and Activation Codes were entered into the Redemption Centers that allowed the new currency rates to go from the back screens to the front screens.
Wed. 8 Nov. the Military gave the GCR a go ahead; the Green Light from the US Treasury was turned on; Activation Codes were sent to the US Treasury; the Iraqi Government released to the US Treasury the new International Rate for their Dinar and Codes were entered at the Redemption Centers that allowed the new currency rates to go from the back screens to the front screens.
On Thurs. 9 Nov. RV exchanges started in the UK and France, with the country of Columbia beginning within days.