Baghdad Is A Cash Cow...And The Regional Government Steals The Camel With What It Carries, 8 DEC

Baghdad Is A Cash Cow...And The Regional Government Steals The Camel With What It Carries

Today 19:59  Information/Exclusive:  The suffering of Kurdish employees continues as the regional government, which is controlled by the Barzani family, enjoys the good things of the southern governorates, amid a sharp rise in poverty rates as a result of; The Kurdistan government is stubborn in releasing employee salaries and not explaining the main reasons for this crisis, despite the continued seizure of oil export revenues and border crossings.

Otherwise, the central government in Baghdad decided to send money to the region, in clear violation of the law, in order to solve the crisis of employees’ salaries, whose voices reached the capital in massive demonstrations demanding their financial entitlements, which the Kurdistan government seized, according to observers.

*Continuing violations.

Speaking about this file, Member of the House of Representatives, Jassim Al-Moussawi, accuses the Kurdistan Region of not adhering to the decisions and controls of the central government so far, while he stressed that the salaries crisis is a defect within the Kurdistan government and Baghdad has no relationship with it.

Al-Moussawi said in an interview with the Maalouma Agency, “The crisis is not new today, but has been present for ten years until now,” noting that, “With the full money being sent to the region during the last period, we noticed the continuation of the crisis of employees not receiving their salaries.”

He continues, "The Kurdistan government bears responsibility for not finding appropriate solutions to the crisis despite its continuation for many years," pointing out that "the salaries crisis is a defect within the regional government and the Baghdad government has nothing to do with it."

He explains that "one of the reasons for the crisis is the failure to give salaries at the correct timing to employees," adding that "the Kurdistan region continues to not adhere to the decisions and controls of the central government until now."

*Clear and scandalous takeover!

For his part, political analyst Sabah Al-Ukaili wonders about the legal and constitutional basis on which the government continues to send money to the Kurdistan government, while he stressed that despite sending money to the region, the crisis of non-delivery of employee salaries continues until now.

Al-Ugaili said in an interview with the Maalouma Agency, “There are many unresolved financial problems with the regional government,” noting that “Kurdistan has not committed to implementing the budget provisions and the new government’s controls regarding controlling oil revenues and border crossings.”

 He continues, "Continuing to send money to the region without reaching final solutions to the financial problems between the two parties is a great risk to the government," pointing out that "sending money in light of the region's non-compliance with government controls is another violation of the provisions of the general budget."

He added, "Despite the numerous meetings, the data indicate a lack of transparency in the negotiations with the region," adding that "despite sending money to the region, the crisis of non-delivery of employee salaries continues until now."

It should be noted that the Kurdistan government continues to refrain from performing its duties by refraining from handing over the salaries of the region’s employees under the pretext of not sending them from the central government, while it still continues to illegally seize oil export funds, as well as revenues from border crossings, and despite the government sending The federal government received more than 2 trillion Iraqi dinars in payments in the previous period. Ended/25/Y  LINK

A Deputy Reveals The Loss Of 35 Trillion Dinars And Determines The Extent Of Smuggling, 8 dec

 A Deputy Reveals The Loss Of 35 Trillion Dinars And Determines The Extent Of Smuggling

Special Sumeria  2023-12-07 | Source: Alsumaria News  1,377 views  Today, Thursday, a member of the Parliamentary Finance Committee, MP Muhammad Al-Nouri, revealed the loss of 35 trillion Iraqi dinars in print, while noting that the volume of smuggling reached 60-70% and cannot be controlled

Al-Nouri said during his speech to the program (Openly), broadcast by Al-Sumaria satellite channel, that “more than 35 trillion printed Iraqi dinars do not exist inside Iraq, knowing that there are only two neighboring countries that deal with Iraq in dinars, and more than 3 months ago, 4 trillion Iraqi dinars were entered from the category of Iraqi dinars.” The (50),” pointing out that “Finance and the Central Bank raised the issue of bonds to control the issue of the Iraqi dinar, and they only collected one trillion.”

He added, “The control of the parties and the existing quotas within the financial system is what established the failure of the Iraqi economy, and there is no country so far that relies on paper accounts, and there are no final accounts in banks, no electronic automation, and more than 73 private banks except Iraq,” noting that “the system "The financial system must be independent in order to achieve economic balance within the country."

He continued, “Government banks are shackled by the Ministry of Finance and the Prime Minister,” noting that “the Central Bank is a failure and does not aim for real management, and the control of some parties over its decisions affected the price of the dollar, and its biggest mistake was pricing the dollar in the budget at 132 thousand compared to 100 dollars because Iraq lost more than 9 trillion, and the difference between it and the market became high.”

Al-Nouri noted that “the American Federal Reserve is responsible for monetary policy in Iraq and does not give money except with American approval, and whoever imagines that Iraq is in economic control is dreaming.”

He pointed out that "Iraq has become a source of narcotic drugs under the framework government, and the volume of smuggling has reached 60-70%, and more than 20 outlets in northern Iraq are not controlled, and the import of (cigarettes, gold, mobile phones, and alcohol) does not benefit Iraq because of this matter," indicating that " The volume of dollars actually sold inside Iraq does not cover the country’s needs due to smuggling, and these operations must be limited by controlling open ports and some ports controlled by parties.”

He pointed out that "the loss of the Iraqi dinar caused a lot of damage and as a result many small projects and construction advances stopped," stressing that "the Iraqi economy is completely linked to the United States and we were receiving 3 payments of the dollar now only one, and the US Federal Reserve sanctions caused an explosion in the exchange rate." He deals with us according to the missiles that fall on the  Ain al-Assad base and the embassy.”

Al-Nouri continued, "The government has no solutions and no bold decision to manage the crisis. The Central Bank must open the horizon to the rest of the banks and merchants and deal with the countries from which Iraq imports their currency, such as Iran, Turkey, China and others, and move away from absolute dependence on the dollar."

Regarding the government electronic transformation, a member of the Finance Committee confirmed that “the government does not have a database through which it can transform to the electronic system,” explaining that it “failed to control the ports because they are outside the borders of the state and under the control of some neighboring countries and armed factions.”  LINK

Frank did a good job some where is 1 to 1 IQD #iraq BY NADER FROM MID EAST

"BANK STORIES" BY MARKZ, 8 DEC

 MarkZ

   [via PDK] 

  A banking story:

  A friend of mine in New Brunswick in Canada and is a dinar holder walked into one of the Scotia banks and asked a manager if they were Basel 3 and ISO 20022 compliant. He replied that they were…

 My friend went on to say that he was a dinar holder and asked the manager if he knew anything about the upcoming currency exchange/RV. 

 The manager said that his staff is trained and ready for it. They are just waiting for the word...So there is a bank manager in Scotia who knows about the RV, is trained and ready for it….

  A member story:

  Former US congressman at a function in North Carolina this past weekend…They point blank asked the politician about some of the banking changes and if he owned any foreign currencies and was he familiar with the revaluation ?  

The former congressman said absolutely. I have some. I bought the currency and it is absolutely real...when asked by our community member (who I have great respect for) he said (when asked about the dinar) I have some and we are expecting it. This is somebody with a high level of knowledge from the inside.

  Comment:  I saw where the World Bank basically acknowledged the imminent revaluation of the IQD.   MarkZ: ...I did a deep dive this afternoon and reached out to boots on the ground over there and Well-Holy crap its confirmed.

  I guess they said to back off of Iraq as everything is settled and will soon be importing in a massive way.   I am very tickled to find out this is accurate... I have verified that there was a slip of the tongue on Iraqi television about the dinar revaluing. But stay calm…it has not occurred yet. We do not know the timing. It could be a day or a week…but, this is absolutely huge.

"STATUS OF THE RV" BY DINAR IRAQ AND DONG VIETNAM, 8 DEC

 STATUS OF THE RV

“Encouraging and dealing with the local currency under the current economic conditions in the country is an important issue, especially with the government’s tendency to “strengthen” the Iraqi dinar against other hard currencies, especially the dollar, as well as seeking to present it first in order to be a “issue of a homeland” in a real way.

They are telling us once again they must complete the currency reform first as in integral part of rebuilding the rebuild the economy and the country.

Today we also read in the news from Iraq that a government source revealed the arrival of shipments of dollars to the Trade Bank of Iraq (TBI), indicating the arrival of other shipments in the coming days.

So, they are already progressing on the new policy of importing dollars via the banks and not from the CBI reserves.

This way the banks are stakeholders in the use of the dollars and will suffer most if they are abused.

This practice also eliminates the middle man, the black market as the banks will manage the dollars and be responsible for adhering to the “official” CBI rate.

It is all just one step away from the elimination of the program rate currency auctions altogether.

Another interesting article from Baghdad Today titled “US CENTER: US WITHDRAWAL FROM IRAQ MEANS THE “END” OF THE DOLLAR“.

The American Lowe Foundation for Political Studies revealed on Wednesday (December 6, 2023) the reasons that it said “to prevent” the withdrawal of US forces from Iraq under any circumstances, stressing that the withdrawal would mean the “end” of the dollar and US hegemony over the world.”

The center explained, according to what was translated by “Baghdad Today”, that “the US government and during the past fifty years, after the abolition of the currency budget in gold (1972 by the Nixon administration), was keen to keep the value of the dollar high through” military and political control over the sources of wealth in the world, the most important of which is oil, ” stressing “This is the reason behind the defense of American presidents, whether Democrats or Republicans for Washington’s policy in Iraq and the Middle East.”

This article is not saying that the de-dollarization in Iraq is bad but the withdrawal of armed forces to protect the oil and enforce US policies.

But we can see this is going to happen like it or not.

We as investors can clearly see the path leading up to the reinstatement of the Gold standard someday very soon.

Okay so my resent conversation with my CBI contact told me that negotiations with Turkey went very well and they decided that the use of the Euro may be a good alternative to the dollar.

As you may know beside Iran, Turkey is the second largest trader with Iraq.

I was also told that by mid-December it is planned to begin the sway-out of currencies and the newer of the lower denominations will appear.

This would mean a new program rate in-country of about 1:1 but my contact could not (or would not) give me a definite rate.

My contact is just as excited as we all are as the Iraqi people will finally get what they too have long waited for.

They will get their economy moving.

It means more jobs, rebuilding schools, churches, hospitals and electricity 24/7 once again.

Yes, these are VERY exciting times but this is the important part not us getting rich.

Coffee with MarkZ and Mr. Cottrell. 12/08/2023

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:  Good Morning and Happy Friday everyone

Member:  Nader had good video today….As did MilitiaMan

Member: Nadar gave Frank26 credit for doing an amazing job on his podcast. Says its 1 to 1 somewhere in Iraq. 

MZ: Yes Frank did an awesome job ….and the 1 to 1 is expected to go higher. We do not know the exact timing but do know they are pushing for total de-dollarization around Jan 1st. And we know that the IMF slipped up and talked about the dinar revaluation coming and how Iraq is suddenly going to be great “importers of goods” 

Member: I wonder when the 1 to 1 rate will be international , on forex and available for us to exchange???

Member: 1 to 1 Kurdistan region. THE 1 to 1 is in Iraq. We get different rate on forex…imo

Member: Frank 26 said when it happens, he will be dressed in all white w white gloves & hat - just like the Monopoly man

Member: BRUCE said “It’s done. It’s done. It’s blankety blank done!”  and possible notifications today

MZ: We know it’s really close for sure. 

MZ: Here’s a little ad that has been rolling all over Iraqi television lately. (Shows the ad without sound) Talking about the dinar and how great it is. They are running ads talking about the future of the dinar. That ad is running on Iraqi television. 

Member: Rumors:  Billions of dollars arriving in Iraq and the new TV ad promoting the Dinar?? All amazing.. I think it’s our turn in the next few days

MZ: “Iraqi bank has received shipments of millions of dollars-Source” This is for foreign transactions. The different banks need it for importers…..but this will soon change…as they become international and ascend to the WTO. 

MZ: “Putin makes rare visits to UAE, Saudi Arabia to talk strengthened relations and Israel-Hamas war”  This is showing up mainstream….

MZ: “Bank CEO’s bring Basel battle to congress”  They do not want it. It is being forced upon them and they are coming up with every reason why they don’t want it. Suddenly they are going to have to back their money with sound assets. 

MZ: The bank of Japan- while not collapsed is certainly shaky. “Japan PM Kishida resigns as ruling party faction head amidst fund scandal” . Their banks are hitting troubled waters. 

MZ: Something happened that is huge…. Something earth shattering  happened this week. China and OPEC and Saudi Arabia and the UAE very quietly signed an agreement to use the gold backed Yuan /gold backed Renimbi for oil purchase instead of the petrodollar. 

MZ: So this gold backed Yuan is now the new reserve currency for OPEC and oil producing nations. This happened very quietly and the news is refusing to report this. They are doing their best to hide this fact. This is enormous. The petro dollar has died this week. This is a enormous blow to the US hegemony. We are going to watch this play out quickly. 

Member: Rumor has it that banks are telling credit card companies they will no longer need there serves after midnight on Dec. 14. 

MZ: I don’t know where they get that information but, I am hearing something similar from 2 banking sources. 

MZ: All the pieces and parts are coming together and we are seeing it in the real world. 

Member: I am wondering  when we exchange will we be paid out in Green backs? New rainbow script? Or digital currency? Also, will we be able to spend it right away or do we wait until the full reveal of new money to all?

MZ: As we understand it- we will be paid out in the new rainbow /asset backed currency and yes, we will be able to spend it right away……as we have been told. If we do not get in new asset backed currency we will all have to move money quickly and secure it and make sure its safe. 

Member: Get tangible assets like gold, silver, land ect……..anything but keeping it in worthless fiat. 

Member: Dr Scott Young explained the diff between the two resets. he said the brics squashed them. watch his series

Member: Mark do we know if the new rainbow currency for the US has been printed?

Member: Many say it has been printed and is already in banks……just not released to public yet….hope its true. 

Member: I Went To My Local Bank Yesterday And While There I Mentioned I Can't Wait Until We Have Gold Backed Currency She Had A Secret Smile

Member: I am thinking it will not happen until Jan 1 and the start of the new year. That makes sense to me. 

Member: LET;S LOOK AT THE BRIGHT SIDE. IF THIS GOES IN A MATTER OF DAYS…IT WILL BE ONE HECK OF A CHRISTMAS CELEBRATION THIS YEAR!

Member: May all our dreams come true so we can help make dreams if others come true.

Member:  MarkZ Thank you for everything for do for this family of wonderful and special people

Mod:  MARKS WEEKEND EMAIL ADDRESS: DONTWRITEME@NEVERONWEEKENDS.COM

Mr. Cottrell joins the stream today. Please listen to the replay for his opinions and information. 

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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. 

KURDISTAN DEMOCRATIC PARTY: THE ELECTIONS WILL PAVE THE WAY FOR ACTIVATING ARTICLE 140 OF THE CONSTITUTION, 8 DEC

 KURDISTAN DEMOCRATIC PARTY: THE ELECTIONS WILL PAVE THE WAY FOR ACTIVATING ARTICLE 140 OF THE CONSTITUTION

The Kurdistan Democratic Party confirmed that the political atmosphere has been prepared to hold local elections in Kirkuk on their scheduled date, pointing out that these elections will pave the way for activating Article 140 of the Constitution.

Party member Wafa Muhammad said, in an interview with Al-Masala, that the local elections in Kirkuk will be held on their scheduled date, December 18, and the Election Commission is ready in preparation, stressing that the federal government is determined to hold them.

He added that the Turkmen component fears losing seats in Kirkuk Governorate, pointing out that the Turkmen forces have submitted requests to the Commission and the Court to postpone the governorate elections.

He continued that if the Kurdish parties obtain 8 seats out of the 15 seats allocated to Kirkuk, they will obtain the position of governor, pointing out that the local vote will pave the way for activating Article 140 of the Constitution.

Earlier, the Commission’s spokeswoman, Nibras Abu Souda, stated that the provincial council elections will be held in 15 electoral districts, each district representing one of the governorates, indicating that the election law gave Kirkuk Governorate a special paragraph that includes auditing the voter registry and determining the categories covered to ensure the success of all requirements. Elections for the governorate.

Article 140 of the Iraqi Constitution stipulates a mechanism that includes three stages, the first of which is normalization, which means addressing the changes that occurred in the demographic composition of Kirkuk and the disputed areas during the era of Saddam’s regime and after it, the second is the population census in those areas, and the last of them is the referendum to determine what their residents want.