Friday, November 24, 2023
"RV UPDATE" BY MNT GOAT, 24 NOV
Mnt Goat
So, how long will us investors in the IQD have to wait before Iraq is allowed to liberate its own currency?
Why do I say “now is the time”? We know they are completely out of Chapter VII sanctions since December 2022, and so why not treat them as such?
We know they want the Iraq funds (nearly USD 115+ billion) released from the NY banks and put in their custody to do what they want with it... We know they have plans for yet more Sovereign Funds to invest their reserves. We know they are making agreements now for “currency swaps” and will no longer be using any US dollars in Iraq as of January 1st 2024
We know since January they have undertaken a massive “de-dollarization” program and told it should have taken 6 years but they decided to do it in 1 year (2023). Why such a hurry?
We know the value of the IQD right now without any further economic development does exceed even pre-1991 era ($3.22) but still at 1/6 of a penny? We know Iraq now pumps 2/3 more oil than in pre-1991 era. We know Iraq also has announced 132+ tons of GOLD reserves. We know they are pushing this year alone, more than any other year since 2005, for the passing of Oil and Gas law. Why?
We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why? Finally, we know, the CBI has told us that January is the most opportune time to reinstate for accounting purposes, since it begins their new FISCAL year. Just be patient, the reinstatement is coming and I firmly believe with what we now are 99% sure it is going to be a January 2024 event. WOW! Finally!!!
Read The Latest Central Bank Circular: Has Dollar Trading Become Available To Everyone? , 24 NOV
Read The Latest Central Bank Circular: Has Dollar Trading Become Available To Everyone?
Economy |Baghdad today – Baghdad The Central Bank of Iraq’s statement yesterday, Wednesday, that the dollar exchange rates are subject to “the forces of supply and demand in the market,” raised several questions from economists about the reasons that prompted the governor to issue a decision that only recently considered it an “economic crime” that would put the accused in prison under penalty of the Penal Code. Effective against speculators in exchange rates.
What economists have pointed out is that all the measures taken in cooperation with the American side for nearly two years have been put in vain by the return of the currency auction in a “parallel” manner, which is considered an implicit acknowledgment of the existence of a “parallel market” that imposes itself on the Iraqi economy and controls it, and there is no point in preventing it.
The Central Bank of Iraq had issued circulars to the licensed banks regarding their share and the sale of the dollar to citizens at the official price yesterday, Wednesday, as it confirmed that its circulars, No. 463/3/9, on 8/17/2023, paragraph (first), thereof, stated that the official price for selling the cash dollar to... The final beneficiary, the citizen, who amounts to (1,320) dinars/dollars, will go to the cash share received by the banks and exchange companies and mediate in buying and selling foreign currency directly from this bank/buying and selling window of foreign currency. It must be adhered to and sold according to the instructions communicated to you. Otherwise, the price is subject to the forces of supply. And market demand.
Economist Nabil Al-Marsoumi commented on this step, sarcastically, “The militarization of the dollar has ended, after the Central Bank recognized the existence of the parallel market!!!”
On the other hand, economic experts described the Central Bank’s action by saying that the bank was finally convinced of the futility of preventing parallel markets, and allows the exchange of the dollar currency according to supply and demand,” considering that “this step is good and will enhance the stability of the markets.”
The matter led to the raising of several questions by observers about how the Central Bank will ensure that the dollar does not go to prohibited channels, and
whether this means that the Central Bank will retreat from the step of preventing the delivery of dollar remittances to citizens, and
whether dollar circulation will become available and not be pursued and anyone can Banking can sell the dollar to anyone willing to buy the dollar, as well as
whether it will enhance the stability of the markets, especially since cash from the dollar will become available, which may lead to a balance of supply and demand and thus a decline in prices.
Saleh: Explained the Goad of the CBI regarding selling dollar outside the platform according to supply and demand, 24 Nov
Saleh: Explained the Goad of the CBI regarding selling dollar outside the platform according to supply and demand, 24 Nov
Today, Thursday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, explained the goal of the Central Bank’s circular today regarding trading the dollar outside the platform according to supply and demand, indicating that it will provide high flexibility in supply that contributes to market stability. Saleh told the official agency,
“Liberating the operations of buying and selling foreign exchange is not an alternative to the policy of defending price stability and the government’s plan to interfere in the stability of the general level of prices.”
Saleh added, “Families, natural and legal persons in Iraq are hoarding amounts of cash in foreign currency and outside the banking system amounting to billions of dollars and are subject to two phenomena.
The first is the difficulty of disposing of their circulation outside the laws of supply and demand that create the currently free exchange rate due to deterrent legal controls and
the second is the contraction of a large monetary supply from Liquid foreign currency, which has stopped moving in the form of a cash hoarding that is immobile and outside the circle of supply.” He continued,
"This exacerbates exchange rate fluctuations under the influence of (a liquidity trap in foreign currency resulting from an expected positive wealth due to the rise in the value of foreign exchange against the local currency)." Saleh added,
“Therefore, liberalizing the climate of dealing in foreign currency and giving it a white character will provide high flexibility in supply that contributes to reducing noise in the secondary exchange market,
which provides a flexible supply of foreign exchange that leads to market stability, supported by a government policy that provides commodity supply through the official price.” “For highly stable exchange and financed at an exchange rate of 1,320 dinars per dollar.”
Thanksgiving Day coffee with MarkZ. 11/23/2023
Thanksgiving News with MarkZ
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
MZ: We will touch lightly on the news of the day and give thanks for our many blessings in life.
Member: Happy Thanksgiving MsrkZ and the entire RV family
MarkZ, Remember to set your scales back 15 LBS.!!!!
MZ: There are no calories on Thanksgiving guys…..This is a scientific fact. lol
Member: Hey Mark Z did you vet the news / Intel from yesterday?
MZ: I have followed up and waiting for confirmation. It may be tomorrow until I find out for sure….but in a nutshell –the biggest part is a group that is expecting money movement and to disperse to all the folks in the group as early as this weekend.
MZ: We were hoping to already see economic receipt…..or folks with money they could spend. Hopefully I will have an update by tomorrow. I will follow up on tracking liquid, spendable money to tell us where we are at.
MZ: I can tell you so far this morning none of my redemption center contacts have been called in yet. But they are “on call” today. They are on a short leash which is very unusual for a holiday weekend.
Member: Well we have a 4 day weekend now……They need to “git ‘er done!!”
MZ: “ The ruble is gaining and is the world’s best performing currency versus the US dollar in recent weeks amid rate hikes and energy costs”The ruble keeps gaining and the dollar is showing serious weakness.
MZ: Yesterday Moody’s downgraded some major banks. Not because of the banks but because our government and the FDIC do not have the strength to “prop up” our “to large to fail” banks.So if there is a issue…..banks are screwed.
Member: will there be defibrillators in the redemption centers, just asking for a friend…lol
Member: Happy Thanksgiving to all m friends in this room, May God bless each and every one of you!!!!
Member: Happy Thanksgiving Blessings Everyone! Thank you MarkZ, Mods and Friends!
Member: OK, who’s gonna wake up early to go shopping? You’re brave…. and crazy. May the force be with you. Hope you score on some deals. I’ll be home eating pumpkin pie.
Mike Bara joins the stream for a brief time today
STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
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.
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 24 NOV
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: For the first time we're seeing a video. It's new. It's 10 minutes long. It's being shown to us every day now this week...They say they are dedicated to the Iraqi citizens to keep us updated on the changes by the banks on our new monetary system reform...It will be every day updating us on new financial news.
FRANK: They told them now every day for 10 minutes during the financial report of Iraq Channel One we're going to start to talk to you more about the monetary reform...These are the things we told you they were going to do. Pretty cool.
FIREFLY: Iraq's security teams arrested the most dangerous foreign currency smuggler inside of Iraq. They're saying this is the head of the snake. They tell us that by removing this man our reforms will continue and move forward as has been promised to us Iraqi citizens.
FRANK: These events...are extremely powerful events to allow the new exchange rate to come out.
ABOUT MED BEDS & PEOPLE THAT HAVE HUMANITARIAN PROJECTS BY JULIAN ASSANGE, 24 NOV
JULIAN ASSANGE MED BEDS: changed procedure as of Fri. 22 Nov. 2024 · Med Beds will be available to everyone including the general public, a...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...