Source: Iraqi-Turkish discussions result in 4 points to regulate trade between the two countries
A source in the Iraqi government stated, today, Thursday, that discussions took place with Turkey to regulate trade between the two countries through approved legal and banking methods and means.
The source said in a statement circulated to the media, including Shafaq News Agency, that, “In order to organize trade exchange between Iraq and Turkey on better foundations and standards to ensure containing the pressure on the parallel market and the demand for the cash dollar to feed some aspects of trade exchange between the two countries, the Prime Minister directed that discussions be held.” Wide with the Turkish side.
He added, "An expanded meeting took place on Wednesday, November 15, 2023, which included the Central Bank of Iraq and a number of advisors to the Prime Minister, while the Turkish side included a delegation headed by the Turkish ambassador, Turkish banks operating in Iraq, and a representative of the Turkish private sector."
According to the source, the discussions resulted in the following points:
1- The importance of the Turkish customs authorities matching the transfer documents with the goods supplied to Iraq at the Turkish customs points in a way that protects the interests and stability of trade between the two countries.
2- Linking Turkish exports to bank transfer documents through Turkish border crossings serves the Iraqi economy, as Iraqi merchants will resort and encourage financial transfers through the banking system instead of using parallel market tools and the cash dollar to finance their trade with Turkey.
3- For its part, the Central Bank of Iraq expressed its readiness to facilitate external transfer procedures by activating the relationship between the branches of Iraqi banks in Turkey and the branches of Turkish banks in Iraq in terms of feeding accounts in foreign currency and financing foreign trade between the two countries.
4- The issue of facilitating the use of credit cards in the Turkish banking market in an accessible way for Iraqi residents and tourists was also discussed.
The source confirmed that these measures aim to regulate and stabilize trade between the two friendly countries through approved legal and banking methods and means. link
Government spokesman: Occupying international leadership positions represents the recovery of Iraq’s reputation, 17 nov
On Thursday, government spokesman Bassem Al-Awadi identified the most prominent features of Iraq’s victory in membership in the Executive Council of UNESCO, while noting that occupying international leadershippositions represents the recovery of Iraq’s reputation.
Al-Awday told the Iraqi News Agency (INA): “The process of qualifying countries to be members of the executive councils of major international institutions is subject to an assessment of the reputation of the political systems of those countries and the positions of various countries of the world towards them,” indicating that “Iraq, because of the follies of the previous regime, has been removed since 1991 from membership.”
Most, indeed, all major international institutions, and the voting process for Iraq has become subject to pressure, interference, and rejection over the course of three decades.”
He added, "Iraq's return to occupying its international leadershippositions once again represents the recovery of Iraq's reputation andthe overcoming of the signs of the past, and the reputation has becomefully qualified and ready to take its place and its natural right ininternational councils," noting that "Iraqi policy (internal and external) and the government that supervises it is a place of trust." International respect qualifies the country to obtain the votes of various countries competing to vote and qualify for these councils.”
He pointed to "the role of countries and governments in pursuing their entitlement to these institutions and working diligently to reach it, as Prime Minister Muhammad Shiaa Al-Sudani met twice during this year with the leadership of UNESCO and provided a cohesive basis for reserving Iraq's seat."
Regarding how Iraq can exploit its seat after winning membership in the Executive Council of UNESCO, he stressed that “this is done by following up on the organization’s work and projects, including supporting illiteracy eradication projects, in addition to supporting vocational training, teacher qualification and training programs, and international science programs, as well as historical and cultural projects.”
Global cooperation agreements, preserving human heritage, supporting internal organizations, efforts, projects and partnerships with Iraqi ministries and bodies, establishing a mechanism for implementing activities in geographical regions, and following up on their implementation.”
He stressed that "Iraq's acceptance of membership in the Executive Council of UNESCO is a purely governmental effort based on correct indicators that the world has been monitoring over the past year link
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ 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
Coffee with MarkZ and Mr. Cottrell. 11/17/2023
Member: Good Morning and Happy Friday.
Member: GM peeps .... anyone hear if the last 3 paragraphs of the HCL have been completed?
Member: Hoping MarkZ got some rest yesterday evening and also uncovered big news for us.
Member: Good song...Another day older and deeper in debt, but that is about to change, y'all!
Member: Do you think this will go past the end of the month?
MZ: No- But I have said that the last few months and been wrong. But I still continue to hear from Iraqi sources that come hell or high water they are going by the first of Dec.
MZ: I continue to hear fantastic things about the progress and how Iraq has positioned itself to force this across the finish line. I’m excited as to where we are at even though it appears to be dragging.
MZ: I cannot find any negative news besides the fact we are not completed yet and been to the banks. We just need to stick this out.
Member: I've heard/it's going 2B a Reinstated Rate, then, float Up. 1 of Frank26's ppl called theirBank, Teller knew nothing, had to check on it , then, slipped up & said RI
Member: RI=Re-Instatement of $3+ works for me!!!
Member: Many said RV is going to happen this weekend,what do you think
MZ: The chatter is phenominal….so its possible
Member: I just hope the QFS is ready to go for our exchanges.
Member: Again, QFS isn't accounts, its a ledger system based on blockchain tech to keep accounts safe and secure. Think of it as automatic accounting system to keep all transactions accurate.
Member: I heard we all already have a single QFS account and we can transfer money from that account to any number of our local bank accounts.
MZ: In Iraq: “Iraq joins EBRD, becoming the 74th shareholder announces foreign ministry” This is the European bank for Reconstructions and Development. This is a major worldwide organization and bank. They are not doing this for some third world country. Iraq applied to be a member in 2018. But,, they waited until now to bring them on board. Does this tell you anything? I believe it tells us we are about to see a currency change.
MZ: If they are joining an international organization they are going to need an international currency.
MZ: “Iraqi Prime Minister orders a reform of the Iraqi banking sector” He goes on to address exchange rates. “Iraqi financial expert predicts decline in dollar exchange rate.” He expects the dinar to continue to gain strength against the US dollar.
MZ: “BRICS: Iraq to ditch US dollar for imported goods” They are looking to start their own “free trade zone” for selling local goods in their own currency. With a steep discount for the goods. So by using the dinar they get a better deal on these products. This is part of de-dollarization.
Member: I heard the Bank of Japan is about to crash….
Member: Chase Bank wealth management sent me a lengthy email that they would like to manage my wealth. Funny thing is I only have about 2 thousand dollars in my account.
MZ: They know what’s coming. It is a regular conversation with many bank employees now.
Member: Has anyone heard we will only have a 10-day window to exchange once it goes. I sure hope this is not the case.
Member: We were always told 10 days to make appointments and at least 30 days to exchange….
Member: Wish we knew if this exchange was going to taxed or not.
Member: Taxes, no taxes,! Exchanges are not taxable! Is what I have always heard! At least something is consistent!
Mod: NO ONE KNOWS WHEN THE TRIGGER GETS PULLED...LIKEWISE WE DONT KNOW WHAT THE TAX/ LEGAL SITUATION WILL LOOK LIKE...BE READY FOR ANYTHING
Member: My friend just came back from Thailand and checked airports to get dinar. They didn't have any. also checked airport in Atl, GA and they had none.
Member: All I know is Kim Clement said "many will Fall in the Fall" - Fall ends Dec. 22nd
Member: I have decided to declare this a 3 Day Weekend -- since they always said RV would happen on one.
Member: Well Thanksgiving weekend is a 4 or 5 day weekend……just sayin….
Member: With every passing day we are one step closer!
Member: DayTrader (Steve) on Militia Man & Crew passed away yesterday. I’m sure many of you know of him. Please keep his family in your prayers.
Member: Prayers to all who are hurting or ill today.
Member: Sending prayers for all those suffering in any way.
THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IS MARK’S OPINION ONLY.
Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions .
India’s Foreign Minister Highlights U.S. Strategic Errors in Afghanistan and Iraq
In a candid reflection on U.S. foreign policy, India’s Foreign Minister, S. Jaishankar, has described America’s military engagement in Afghanistan and Iraq as a significant misstep, leading to a dilution of its global influence. His remarks came during an interview with an Indian media platform, where he presented a critical appraisal of Washington’s strategic decisions in the region and their far-reaching implications.
Jaishankar asserted that the U.S. became trapped in the quagmires of Afghanistan and Iraq, divesting it of resources and attention that could have been directed elsewhere. This, he believes, is an error that Washington might presently be regretting. His perspective offers a fresh lens through which to examine U.S. foreign policy, particularly its interventions in the Middle East and South Asia.
Implications of U.S. Involvement in Afghanistan and Iraq
According to Jaishankar, the U.S. deployment in Afghanistan and Iraq constituted a strategic blunder that resulted in the weakening of America’s global position. This viewpoint underscores the complexities of international relations and the potential pitfalls of military involvement in foreign territories. It also suggests a broader critique of U.S. foreign policy and its ramifications for American influence.
Jaishankar’s comments come ahead of the high-profile 2+2 ministerial dialogue between India and the United States, aimed at advancing a futuristic roadmap for deeper strategic cooperation. The dialogue, as envisioned by Prime Minister Narendra Modi and President Joseph Biden, seeks to bolster bilateral relations and strategic partnerships, further augmenting the global influence of both nations.
Experts: The Iraqi-American Agreement Is The Beginning Of Exchange Rate Stability
Baghdad: Huda Al-Azzawi Experts and officials in financial and economic affairs praised the agreement of the Central Bank of Iraq and the representative of the US Federal Bank, regarding strengthening the balances of Iraqi banks in dollars and increasing their number, and strengthening other local banks with balances from a basket of international currencies, indicating thatb this step will contribute to the stability of the dollar exchange rate and reduce the influence of the market.
Parallel Engaged in speculation.
Advisor to the Prime Minister for Financial and Economic Affairs, Dr. Mazhar Muhammad Salih, indicated in an interview with “Al-Sabah” that
“the Iraqi monetary authority holds foreign currency reserves, which are the highest in Iraq’s financial history,” indicating that “Iraq has the highest foreign currency reserves and commercial efficiency.”
High, today the reserve currencies are sufficient for Iraqi trade for a period of (fifteen months), while the standard Global is (three months).
He explained, “External financing for the private sector takes place through the compliance platform, which required conditions that lasted for a year from last October to this November, and
thus the banks adapted on the basis of global compliance with the use of foreign currency for the purpose of trade and not for other purposes that cause problems for the state.” He noted,
“The agreement between Iraq and the United States indicates the presence of high flexibility in financing the private sector, by strengthening a number of banks in dollars, which have adapted themselves to global compliance and will finance Iraq from major global commercial centers.”
Saleh pointed out that “more than 85% of the demand for foreign currency is done through the external platform managed by the (Central Bank of Iraq), by enhancing the balances of foreign banks, while the parallel market constitutes only 15% of the speculators’ market,” stressing that
“This agreement constitutes the beginning of price stability in the exchange market.”
For his part, the rapporteur of the Parliamentary Finance Committee for the fourth session, Dr. Ahmed Al-Saffar, indicated in an interview with “Al-Sabah” that
“the process of strengthening the banks will positively affect the exchange rate of the dollar,” indicating that “the point is not in increasing the number of banks, but in the amounts that are made.”
Adding them to the balance of these banks first, and secondly by monitoring these banks and ensuring that these amounts reach citizens and merchants,
especially since some of these banks take dollars from the currency window, but these amounts do not reach the market but are used for speculation purposes,
which is the main reason for the large difference between The price of the dollar in the parallel market and the official price.
Al-Saffar pointed out that “increasing the number of banks and enhancing their balances will contribute to reducing the price of the dollar in the parallel market,
provided that these banks are monitored and ensure that those dollars are delivered to citizens and merchants,
in addition to verifying the truth of the documents submitted through the platform regarding materials related to transfers.” And remittances. He explained,
“The bulk of this money that goes out the window goes to remittances and is not real.
The process lies in two points:
(Monitoring transfers and ensuring their authenticity), and
secondly (monitoring the funds that go out the window through participating banks), and whether they actually reach the parallel market or are they used
For speculative purposes.
In addition, the economic affairs analyst, Jalil Al-Lami, said in an interview with “Al-Sabah” that
“what happened is a new reform step by the Central Bank of Iraq by reaching an agreement with the representative of the United States of America responsible for foreign transfer operations.”
To cover imports.
He stated, “The matter does not affect the issue of cash or (cash), but rather the delay procedures in the electronic platform, and the return of some transfers in the currency buying and selling window,” explaining,
“In the first place, the problems related to rejected transfers were resolved, as it was agreed that The rejection of remittances is based on strong reasons, which will achieve more streamlined transfer process than before, and
thus this will partially affect the demand for the dollar, which limits the possibility of its rise, and after that temporary stability will be achieved for the dollar, and then return later.
To a gradual rise.
An Iraqi government source had previously revealed an Iraqi-American agreement aimed at strengthening the balance of 10 Iraqi banks in dollars.
He also revealed an increase in the number of Iraqi banks whose balances in Chinese yuan would be enhanced through the Singapore Development Bank to 13 banks, while
the number Banks that have strengthened their accounts in Indian rupees with the Development Bank of Singapore 2, and other banks will be added within the next two weeks. https://alsabaah.iq/87235-.html
This has already gone viral so no use keeping it private. Please remain grounded.
CONFIRMED: BRAZIL START, USA START, COLOMBIA STARTED, A REPRESENTATIVE OF THE COLOMBIAN PROJECT HEAD #1 STARTS WITH ITS DELIVERY PROTOCOLS TO ITS T4B. INTERNET GROUP . REPRESENTATIVE LEADER #2 STARTS IN DECEMBER
THE BENCHES ARE READY AND ADAPTED TO 100% QFS.
THE DROUGHT HAS ALREADY CEASED.
WAIT FOR YOUR NOTIFICATIONS FROM COLOMBIA TODAY AFTER 12PM.
THE TOOK OFF. VICTORY OF THE LIGHT.
PREPARE YOUR PASSPORTS, THE JOURNEY TO THE NEW WORLD HAS ARRIVED