Parliamentarians Demand Real Solutions To The Dollar Crisis, 21 NOV

 Parliamentarians Demand Real Solutions To The Dollar Crisis

Iraq  11/21/2023    Baghdad: Shaima Rashid  Members of the House of Representatives believe that there are various reasons behind the rise in the dollar exchange rate, between the smuggling of currency outside the country and the government’s lack of control over the situation and control of the borders, in addition to the lack of real and realistic solutions in this regard. On the other hand, the victim of all this matter is The poor citizen who is no longer able to meet his needs with the daily rise in prices due to the rise in the dollar.

Member of the House of Representatives, Fatima Al-Qara Ghouli, said in an interview with “Al-Sabah”: “The victim of the current economic crisis is primarily the poor Iraqi citizen,” indicating that “everyone knows the reason for it is the smuggling of currency outside Iraq, and that because of this matter, the US Federal Bank has determined The sale of the dollar should be through the electronic platform in order to control all these obstacles, and in order to stop the smuggling of the dollar outside Iraq.”

She added, "This issue needs a clear financial policy and strategy in order to limit the issues that caused this crisis, in which the Iraqi citizen was a victim," indicating that "with the start of the next legislative term, a session will be held in this regard in order to develop solutions and consult with the Central Bank and the Ministry of Finance."

Finance, and the session will be in the presence of the Governor of the Central Bank,” and she continued: “The timing of the session is still under study, as the issue is important and has caused a stifling crisis without there being solutions.”

In addition, Member of Parliament Haider Al-Salami criticized what he described as “the government’s lack of control over the exchange rate,” and pointed out in an interview with “Al-Sabah” that “there is no real treatment for the crisis, as it must start from the border because currency smuggling and selling Millions of dollars starts from there.”

Al-Salami called on the Prime Minister to address the details of the dollar crisis in a real manner by changing the officials and those concerned with this file, indicating that “we must be frank with regard to this file, because there are partisan interventions in it that make the government unable to solve it.”    https://alsabaah.iq/87634-.html

The Foreign Ministry Complains About The Role Of The American Ambassador In The “Dollar Crisis”: Her Reports Are Different, 21 NOV

 The Foreign Ministry Complains About The Role Of The American Ambassador In The “Dollar Crisis”: Her Reports Are Different

Politics |Baghdad today – Baghdad   The Foreign Relations Committee in the House of Representatives said today, Tuesday (November 21, 2023), that US Ambassador Alina Romanowski did not play any positive role in supporting and strengthening the Iraqi dinar and resolving the dollar crisis that Iraq is witnessing due to American decisions.

Committee member Representative Amer Al-Fayez said in an interview with “Baghdad Today” that “the American ambassador supports her country’s decisions against Iraq regarding the dollar crisis, and she did not have a positive role in supporting the Iraqi dinar.”

He continued, "The American embassy in Baghdad submits reports to the American administration with various information, whether at the economic, political, or even security levels, and as a result of those reports, Washington takes some decisions, but we do not know anything about the American reports that are sent from Baghdad to Washington, except that... It is certain that there are many unreal issues.”

Yesterday, Monday (November 20, 2023), an informed source reported an expected meeting between the Central Bank of Iraq and the US Treasury Department next week.

Government sources recently spoke about an agreement concluded between the Central Bank of Iraq and the American side, which resulted in an increase in the number of banks that can directly enhance their balance in dollars to 10 banks, 5 of which are through Citibank, and the other five are through Bank G. B. Morgan), according to the Iraqi News Agency.

He also revealed that the number of Iraqi banks whose balances in Chinese yuan will be strengthened through the Singapore Development Bank has increased to 13 banks, while the number of banks whose accounts in Indian rupees with the Singapore Development Bank have been strengthened is 2, and other banks will be added during the next two weeks.

Other meetings were held that brought together an Emirati bank, the Central Bank of Iraq, and the American side, to implement the mechanism for enhancing balances in the Emirati dirham for Iraqi banks, where all the technical details were resolved, and it is expected that the mechanism for enhancing balances in the Emirati dirham will begin during the next few days.   LINK

Iraqi Dinar Weekend Revelation Redemption Center Prepares for a Big Move...

"RV UPDATE" BY FRANK26, 21 NOV

 Frank26 

  Two months ago a quick little pip movement took the exchange rate of the Iraqi dinar from 1460 to 1320...They were supposed to make the next step. 

 I told you at that time, 'Now that they've made this movement, let's say 1320 to 1, the next one will be 1,000 to 1 and when they do they will be in position to lift the three zeros and float the currency in a basket...'

 Article quote:  "Solutions exist, and during our tenure at the Ministry of Finance (2006-2010), we succeeded in increasing the value of the dinar from (1,500 dinars to the dollar to 1,170 dinars to the dollar). We were planning to reach (1,000 dinars to the dollar) and then raise the zeros so that the dinar was equal to the dollar."  What?!? 

 Word for word of what we taught you...This is the last step.  IMO the CBI is going to be going to the US Treasury next week...This is exactly what we want next.

Question:  " What if you lost your receipt for your dinar?" 

 Try to get ahold of the individual you bought it from.  If they have records...maybe they might help you.  My broker does not...If you lost it.  Oh, dear.  That can be a problem financially for you because you want to hold your currency for one year...

Because...your [tax] bracket is whatever the
government says but if you don't have a receipt or if you don't hold it for a year and you go exchange...that's a different tax bracket.  They're going to really bite you hard.  It's the difference between 40% tax and 20% tax...[NOTE: Consult your tax professionals at the appropriate time to determinate proper tax for your unique circumstances]

The Iraqi dinar is now going to enter a basket in a float and that's why the CBI has been talking...about the basket and coins... All they talk about is the exchange rate of the Iraqi dinar, about the black market going away and the only way that all of this can happen is if we have a new exchange rate and a new currency to match it.  They are preparing [Iraqi citizens].  This is the monetary reform at its highest point...

Rashid from Baku: Iraq today enjoys distinguished international relations and is a fertile environment for investment, 21 NOV

 Rashid from Baku: Iraq today enjoys distinguished international relations and is a fertile environment for investment

Today, Tuesday, the President of the Republic, Abdul Latif Jamal Rashid, visited the Iraqi embassy in the Azerbaijani capital, Baku, and met with its staff.

President Rashid stressed during his speech, according to a presidential statement, a copy of which {Al-Furat News} received, that "one of the priorities of Iraq's diplomatic missions is to convey the true picture of the new Iraq and the extent of the clear improvement in the security, political and economic aspects."

He also stressed the importance of the embassy working to encourage investment companies in Azerbaijan to work in Iraq in the investment, economic and tourism fields.

The President of the Republic pointed out that "Iraq today enjoys distinguished relations with all countries of the world at various levels and is a fertile and suitable environment for investment in various sectors."

In turn, the staff of the Iraqi embassy expressed their thanks and appreciation to the President of the Republic for his valuable directives, stressing their continued hard work and development to achieve the highest interests of the country.    link

Parliamentary calls to expand the “currency basket” to escape the consequences of the dollar, 21 NOV

Parliamentary calls to expand the “currency basket” to escape the consequences of the dollar

Representative Salem Al-Anbuki stressed, on Tuesday, Iraq’s need to increase the size of the financial basket of foreign currencies other than the dollar to end American hegemony.

Al-Anbuki said in an interview with Al-Maalouma, “The restrictions on the circulation of the dollar in Iraq have created recurring economic crises, especially since Washington uses it from time to time as a pressure card, not in the country but in other countries, which increases the burden on the markets and led to the emergence of the parallel market that is behind the increase in burdens.” Finance on millions of Iraqis.

He added, "Iraq has realized the importance of creating a basket of other currencies besides the dollar to get rid of its restrictions, especially since it has large trade with countries such as China and India, which gives high flexibility in providing the funds necessary for imports without going through the complexities of transferring the dollar."

He pointed out that "many countries, some of which are oil-based, have begun to diversify the currencies in their financial reserves in order to provide greater flexibility in providing funds for import purposes away from the restrictions of the dollar."

The US Treasury created crises inside the country because of its restrictions on the transfer of the dollar to Baghdad and the imposition of sanctions on some banks. link

Coffee with MarkZ. 11/21/2023

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

MarkZ  Tuesday 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:  Good Tuesday Morning RV’ers

Member: What is the difference between and RV and an RI?

MZ: We have covered this many times but, RI means they are re-instating the old value. An RV is revaluing at something different than the old value. Either one will be great for us. If they re-Instate it – I believe the rate was $3 something…..maybe $3.30 or so….Even with a re-instatement they are able to add more for inflation which could put it in the $4 dollar range.  That is the basics. 

Member: I believe it was $3.22 before.

Member: The Iraqi dinar was valued at $3.22 on May 11, 2004. On May 12th it dropped to$.0.0007. Approximately the same as its current value. 

Member: Right now I would be happy at 1 to 1. 

MZ: That would still be life changing. 

MZ: Nader had a video where he pointed out the value of the Iraqi Dinar (historically) has changed a couple of times due to war or unrest or whatever. The rate goes down then it goes back up.   There is historical precedence for this. He says in Iraq they have been very up front with this process and intend to re-instate or re-establish the rate and make it the most valuable currency in the world. 

MZ: Remember the value was based on its petroleum industry for the last 100 years. Nader is reminding us this change in rate is inevitable. They have told us they are going to do ot.    Be sure to listen, like and share his videos. 

Member:  I wonder if the meeting between Iraq and Treasury next week is because Iraq threatened to go alone this coming week meaning the US Treasury caved to make a promissory deal?

Member: GOLD OVER $2,000 AGAIN, SILVER TRYING TO BREAKTHROUGH $24

MZ: This story is still big….” Dutch Central Bank admits it has prepared for a new Gold Standard”  This is a constant reminder guys…….What are we looking for guys? A reset of currencies and a new Gold Standard. They are telling the whole world and not hiding it anymore. 

MZ: its been quiet on the banker side and the bond side overnight……. 

Member: Can the bad guys stop the QFS system?

MZ: I don’t believe there is anything that can stop it. They tried their best to put in their version of the central bank digital currency…..but, it’s inevitable that its commodities that is going to matter. And fiat is going to die. Fiat always ends the same way as it returns to its intrinsic value of zero-Voltaire. 

MZ: When we reset to gold/commodity backed currencies and end the central bank money printing….they will suddenly be wealthy again. 

Member: Didn’t Trump say once that all currencies would be 1 to 1 someday?

MZ: I believe that was in 2017. He was trying to put more “gold bugs” in the Federal Reserve (Judy Shelton) and trying to put the Federal Reserve under the control of the US Treasury. 

Member: What is the possible rate of the Indonesia Rupiah….

MZ: I am still hearing about $1.47

Member: We were told long ago this would happen when most people are home, like Thanksgiving or Christmas . The boards are literally saying without saying in the next few days. Like in the next 2-7 days.

Member:  THANKS (Markz for all of your time you have) GIVING all of us!!!

Member: Everyone have a great day.

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