Wednesday, November 22, 2023

Nader and pimpy together, it’s gonna be a mess get ready

Association Of Banks: The Dollar Exchange Rate In The Parallel Market Will Decrease After The Government’s Measures, 22 NOV

 Association Of Banks: The Dollar Exchange Rate In The Parallel Market Will Decrease After The Government’s Measures

Economy| 11/21/2023   Mawazine News - Baghdad   Today, Tuesday, the Iraqi Private Banks Association expressed its support for government efforts aimed at reducing the dollar exchange rate in the parallel market, while noting that

Prime Minister Muhammad Shiaa Al-Sudani’s movement to support the private sector represents the beginning of reforming the Iraqi economy.

The head of the association, Wadih Al-Handal, said,  “The recent measures of the Central Bank of Iraq and the government, regarding facilitating trade financing using new currencies, represented by the euro, the dirham, the Chinese yuan, and the Indian rupee, are a step that contributes to reducing the exchange rate of the dollar in the parallel market,” noting that

“regulating trade financing “What the government and the central bank are doing by introducing other goods to the platform will lead to an increase in trade financing.”  He stressed that

"private banks are taking great steps in expanding international relations with international banks, which facilitates the financing of Iraqi trade with countries around the world," explaining that

 "the Prime Minister's great support for the private sector is considered the beginning of reforming the Iraqi economy, especially since the private sector is an important partner." To the government, in providing services and jobs and reducing poverty.”

https://www.mawazin.net/Details.aspx?jimare=238270

Should Iraq increase their exchange rate if oil prices drop 11/22/23 BY PIMPY

"RV UPDATE" BY PIMPY, 22 NOV

 Pimpy

   Month, month and a half there's been quite a bit of positive news coming out of Iraq.  Let's hope they stay out of trouble and continue working on doing what it takes to regain their sovereignty.  They're taking all the right steps to do what it takes to appreciate the Iraqi dinar which all of us are happy about.  You still got people out there...swearing up and down that means there's going to be a reinstatement of the $3.22 rate.

  I'm going to continue to tell you no it isn't.  I still believe the Iraqi dinar is going to go up in increments.  It's not going to jump up to $3.22 right off the get-go.  It'll get there fairly quick but it's not going to happen overnight.  As long as they stay in the good graces of the Untied States everything should be fine...

  In the news we see Iraq is involved in another currency swap...The fact they're now starting to prepare themselves to do currency swaps with UAE is big news.  The more they do that with other countries the stronger the Iraqi dinar becomes.  Think supply and demand.  In order for you to do a currency swap you have to take in their currencies and they have to take in yours...

Article:  "Changes in business dealings...Iraq replaces the dollar with other currencies to stabilize the dinar

 All this is good news but it's going to take a little time for some of this to be implemented.  What I'm looking forward to is seeing how Iraq does in the first quarter of next year because by then all the kinks should have been worked out of these programs implemented and we should start to see the results in the first quarter of 2024.

Iraq Restricts Commercial Transactions to Iraqi Dinar: What it Means for the Economy, 22 NOV

Iraq Restricts Commercial Transactions to Iraqi Dinar: What it Means for the Economy

Shafaq News/A spokesperson of the Iraqi government on Wednesday condemned airstrikes carried out by the United States in the country on Tuesday, calling them a "violation of sovereignty."

In a statement, government spokesman Basem al-Awwadi said that the airstrikes, which targeted a convoy of al-Hashd al-Shaabi (Popular Mobilization Forces-PMF) in the Jurf al-Nasr area, were conducted without the knowledge of Iraqi authorities.


"The Iraqi government is concerned about the recent escalation in the country, which includes the US airstrikes," al-Awwadi said. "We condemn the attack on Jurf al-Nasr, which was an flagrant violation of sovereignty and an attempt to disrupt the stable security situation in Iraq."

Al-Awwadi stressed that the Iraqi government is the only entity responsible for implementing the law and holding violators accountable.


"The presence of the US-led coalition in Iraq is to support the Iraqi armed forces," he said. "The airstrikes are a clear violation of the coalition's mandate to fight ISIS in Iraq. The coalition is called upon to refrain from acting unilaterally and to respect Iraqi sovereignty."

"Any armed activity carried out outside the military establishment is condemned and is a threat to the national interest," al-Awwadi said. "The government will take the necessary measures to defend Iraq's interests."


Prime Minister Mohammad Shia al-Sudani, who is also the commander-in-chief of the armed forces, has ordered the military and security forces to carry out their duties and enforce the law.

"The security of Iraq and its stability have been achieved through the sacrifices of thousands of martyrs," al-Awwadi concluded. "It is the responsibility of all to preserve them."

US jets carried out airstrikes in Iraq early on 22 November, targeting what the US Central Command (CENTCOM) claims were "Iran-linked" facilities south of the capital, Baghdad. 

A US official told ABC News that the "strikes were conducted against a Kataib Hezbollah operations center and a Kataib Hezbollah Command and Control node." 

The US attack, which targeted the town of Jurf al-Nasr (formerly known as Jurf al-Sakhr), reportedly killing eight people. Kataib Hezbollah announced that five of its members were among those killed.


Wednesday's airstrikes came in response to daily attacks against US forces in Iraq and Syria. This is the fourth round of airstrikes carried out by Washington in response to the surge in attacks against its troops.


The Iraqi resistance announced on 21 November it had targeted the Ain al-Assad base in Iraq twice, as well as the Al-Shaddadi base in Hasakah, northeastern Syria. 

The bases were struck "with appropriate weapons," which "directly hit" all their targets. 

The Ain al-Assad base was hit with close-range ballistic missiles, resulting in eight injuries and material damage, according to two US officials.


US bases in Iraq and Syria have come under almost daily fire by the Islamic Resistance of Iraq, a coalition of Iraqi armed factions that banded together last month to confront US forces in rejection of Washington's support for Israel.

The attacks are launched "in response to the crimes committed by the enemy against our people in Gaza."

"US forces have been attacked approximately 66 times since October 17. Thirty-two separate times in Iraq, and 34 separate times in Syria," the Pentagon announced on Tuesday evening. At least 60 US soldiers have suffered traumatic brain injuries and other injuries.


https://shafaq.com/en/Iraq-News/Iraqi-government-condemns-US-airstrikes-as-violation-of-sovereignty



Coffee with MarkZ and DaWu. 11/22/2023

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

Member:  I really hope we hear some great news today. …to be honest, I’m getting discouraged!

Member: Now is not the time to get discouraged. Everything is happening at once. it is coming.

MZ: We are watching all the indicators of a reset happening…..there is an expectation of the implosion of the bond market this holiday weekend. 

Member: Lots happening…..Emergency BRICS meeting and Iraq meeting with treasury

Member:  this is also the anniversary of JFK’s assassination

Member:  Remembering this date in 1963, first grader at school when the principal announced that JFK was shot and killed over the PA system. 

MZ:  Will we ever know the truth?   60 year anniversary today 

MZ: “From Iraq: “ Iraq decides to sell dollars to gold, car importers”  This is interesting to me….this gets dollars out of Iraq and back to the Us countries while bringing in goods to Iraq. 

MZ: I continue to get great chatter…..I am hearing that a number of folks expect an implosion of the bond and US Treasury market over the holiday weekend. Maybe even as early as late afternoon today. Setting things up for an “event”. Lots of conversations about this from wealthy connected people. 

MZ: We should all be prepared….be sure to keep a little cash on hand if you can afford it. 

Member: The boards were it up last night. Wolverine said this morning that we were supposed to get notifications last night….I know we are all ready. 

MZ: I think last night may have been premature…but I would not have been surprised. 

Member:  EBS would be perfect tomorrow. Everyone will be stabilized somewhere having dinner

Member:  I will take a large slice of RV for Thanksgiving!

Member:  Y’know, We have waited many many years, when we get the actual info to make appts, we will all be like…..nah, who’s yanking my chain?! Lol

Member: I'm with you I won't believe it’s real till I have cash in hand

Member:  It’s breathtakingly close. My sister said their bank said something is happening Friday. What exactly she didn’t say.

Member:  Today would be an awesome day to R V. A great way for Gratitude through the rest of week! Blessings to all.

Member: Mark and friends, Wouldn't it be fun if RV was on Black Friday?? Yup --- we won't be in the Red anymore!! I really look forward to being in the black! Tired of all this debt. Praying.

Member: I heard a lot of info out saying banks have employees on stand by tomorrow

Member: why is it that nobody's knows the taxes on the exchange rate with existing laws in place?

Member: Well existing laws say long term or short term taxes may apply…..but if there was a special negotiated rate for this exchange….noone knows yet until the reset happens…..imo 

Member: Mark will you be on at all tomorrow?

Member: I believe he will be on in the morning but not Thursday night. 

Member” Mods  and RV’ers……I hope you all have a fantastic Thanksgiving and God bless you all....

Member: May everyone have safe happy holiday 

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.

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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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!

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. 

Twitch:   https://www.twitch.tv/theoriginalmarkz 

KDP President Barzani Expresses Concern Over New Parliamentary President Selection in Iraq, 22 NOV

 KDP President Barzani Expresses Concern Over New Parliamentary President Selection in Iraq

Kurdistan Democratic Party KDP President Masoud Barzani, a crucial figure in Iraqi politics and former President of the Kurdistan Region, has voiced his views amidst the ongoing selection process for the new President of the Iraqi Parliament. This event is a significant milestone in the political landscape of Iraq, with potential to alter the balance of power and representation among diverse ethnic and political groups. President Barzani’s intervention and remarks, while not disclosed in detail, are expected to echo the interests of Kurdish political parties and the broader Kurdish community within Iraq.

Barzani Addresses the Middle East Peace and Security Forum

During a panel discussion at the Peace and Security Forum in the Middle East, KRG Prime Minister Masrour Barzani, expressed his apprehensions about the timing of the removal of Iraqi Parliament Speaker Mohammed al-Halbousi. Labeling it as ‘inappropriate,’ Barzani highlighted the potential implications this could have on the political equilibrium within Iraq.

Concerns Over the Israel-Hamas Conflict

Barzani also conveyed his concerns about the plight of civilians embroiled in the ongoing Gaza conflicts. He strongly condemned attacks on innocent individuals and underscored the urgency of ending the Israel-Hamas conflict. Barzani also advised Iraq to remain uninvolved in the conflict, a stance reflective of his commitment to preserving regional stability.

Barzani’s Stance on the Removal of Mohammed al-Halbousi

Regarding the removal of Mohammed al-Halbousi from the parliamentary speakership, Barzani refrained from commenting on the Federal Court’s decision. However, he described the timing of the dismissal as ‘wrong,’ a statement that underscores his nuanced understanding of the delicate political dynamics in Iraq. His refusal to comment on the Federal Court’s ruling indicates his deliberate attempt to maintain a diplomatic stance in this politically charged scenario.

https://shafaq.com/en/Iraq-News/Iraqi-government-condemns-US-airstrikes-as-violation-of-sovereignty


Iraq announces great strides in digital transformation, 25 DEC

  Iraq announces great strides in digital transformation Economy News – Baghdad The Ministry of Finance announced on Tuesday that it had mad...