Coffee with MarkZ and Andy Schectman. 11/15/2023

Thank you MarkZ for all your time, and encouragement daily….. PDK

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

Member:  GM Markz and Mods. Blessings to all.

Member: Happy Hump day…..hoping the RV is over the hump and we are heading to the end of the ride. 

Member: Hump day feeling more like ground hogs day today

MZ: Lots of rumors out there today. There are more NDA’s and reports from you guys who know folks that are now under NDA’s as well…..Thanks for that. 

MZ:  I got a confirmation from a source that is not one of mine. They were told there were 3 paragraphs they were addressing on the HCL between Erbil , the Kurds and Baghdad  …and RV would occur as soon as its finished.  .I was always told when HCL was 100% done and official….we would get the new rate…..I had heard this from one of my sources…..but was glad to hear it confirmed from another. So that feels good …..Just 3 paragraphs to work through on the HCL……I thought this was great news.  

Member: That news makes it all less pie in the sky and all the more practical, logical and tangible, MarkZ! Thanks for that!

MZ: “Zimbabwe –focused gold miner Caledonia reports profits of $5.7 million in Q3-reiterates production guidance.” Zimbabwe has huge amounts of gold and this is just one company. Zimbabwe has massive resources to allow them to change the value of their currency. 

Member: Zim will be the sleeper. They are so wealthy with minerals and mining for the planet.

Member: Has the new rate been posted in the Iraq gazette yet?

MZ: No. If it had we would all be exchanging already. 

Member: ISO20022 goes live all over the world the 19 th Nov. I think Iraq needs a rate.

Member: Bruce believes this hasn’t gone yet because Iraq isn’t Iso20022 yet

Member: ISO 20022 is a standard for electronic data interchange between financial institutions, covers financial information transferred between financial institutions QFS probably complaint banks will be.

Member:  Iraq has over 200 countries meeting today and a couple more days, they would need a new rate to get investors.

Member: Has the Admiral been paid yet? 

MZ: My admiral contact said he has not been paid…but they anticipate payment at any moment. I know they are prepped and ready. 

Member: What happens if the stock market crashes before we get notifications?

MZ: That would force us to get notifications. 

Member: I think Xi visiting the US is a big deal. 

MZ: So Biden is supposed to be meeting with Xi on the west coast today…then doing some fundraising……. Interesting enough it’s in a town where  a few of the Chinses elders are at. There is a lot of anticipation and the rumor mill from the Reno area are saying there are a few “last minute” negotiations. I don’t know what those could be. But we have heard a few of the Chinese elders are meeting with him “behind the scenes”. And that this meeting with Xi may be important. That’s coming from the rumormill. 

Member:  I learned at work yesterday that the FED has suspended the ordering of all new currency. banks can only order circulated bills...

Member: Canadian emergency alert system to be tested today | CityNews Toronto

Member: I heard Something VERY BIG is coming November 16-17th !!!

Member:  Stay strong and positive. This is happening soon!!

Member: Many people will be traveling next week for Thanksgiving. Hope it happens before then

Andy Schectman for Miles Franklin joins the stream today. P;ease listen to the replay for his opinions and information. 

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Iraqi Dinar🔥Great News About New Exchange Rates Today 2023🔥iraqi dinar R...

"RV UPDATE" BY MARKZ, 16 NOV

 MarkZ  

 [via PDK]   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...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.

 ... I am hearing- they want things completed and fully active and everything done by Jan.  For that to happen it could go any day.

 “Iraq plans “to neglect the US dollar ” and parliament proposes to diversify foreign currency baskets”   Iraq will hold foreign currencies so they can do business in and around the middle east without the US. This story is bigger than it appears. It is all about de-dollarization. 

We know Iraq plans to be de-dollarized by January 1st. So for Iraq to be de-dollarized by January 1st…then their oil profits, etc will no longer be going through the US system that it is going through now…AND, they will need a fully functional, international currency. We have a really good indicator of when this rv has to happen by. It makes logical sense for it to be sooner.This article is fantastic.

Kurdistan Council Reconsiders Decisions: A Fervor for Arts and Oil Rights, 15 NOV

 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.

https://bnn.network/politics/kurdistan-council-reconsiders-decisions-a-fervor-for-arts-and-oil-rights/

Iraq Initiates Economic Measures Amidst Global Economic Fluctuations, 15 NOV

 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.

https://bnn.network/world/france/iraq-initiates-economic-measures-amidst-global-economic-fluctuations/

Iraqi Dinar🔥Iraqi Banks Can Exchanging Foreign Currencies Now🔥Important ...

The Prime Minister Directs The Directors Of Government Banks To Submit A Plan Within One Month To Develop Their Work, 15 NOV

 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."

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