FIREFLY: We have a special on TV and they say the Iraqi dinar wins the struggle against the dollar and wins control of the markets…
FRANK: The goal of the last few weeks has been to bring the market rate parallel with the dollar rate. Remember the CBI can’t touch the dollar value but they can touch the value of your currency of the dinar…They have been victorious of reducing the value of their enemy foreign currency like the American dollar and all foreign currency in your country verses your national currency which is at 1310 right now. But that rate is now in a position to change because of all the success of the monetary reform from the CBI and Sudani. That’s all there is to it.
The black market rate will no longer be…The black market rate is the American dollar. The CBI wants the official rate 1310 to match the dollar rate. That means the currency of Iraq is too low… Slowly we’re having a reciprocal effect where the dollar is going down and the dinar is going up…
Question: “Can any country RV their currency whenever they want?”
Yeah but they have to go through the IMF. That’s what the International Monetary Fund does – they regulate all the banks around the world and allow them to either increase, decrease, print new currency, destroy their currency, change their exchange rate. There is a systematic way of doing it. They’re called international banking laws.
Prime Minister Mohammed Shia Al-Sudani announced the agreement of Iraq and Spain to strengthen partnership and cooperation between the two countries in various fields during a time limit.
“We stressed the importance of the relationship with Spain and its development and agreed on a year-long schedule that establishes a broad partnership,” Al-Sudani said at a press conference with his Spanish counterpart Pedro Sanchez, in Baghdad. He announced that “the meeting of the Iraqi-Spanish Joint Committee will be held in Baghdad in mid-2024.” Al-Sudani pointed out that they “consulted in benefiting from the Spanish experience in water and solar energy management, and we invited Spain to participate in the Baghdad conference.” He stressed that “the government is continuing to end the presence of the international coalition in Iraq,” noting that “targeting diplomatic missions is harms the interest of Iraq.” He stressed that “Iraqi sovereignty cannot be compromised and are able to maintain the security of the missions,” noting that “the war on Gaza revealed the failure of the international system to maintain security.”
For his part, Spanish Prime Minister Pedro Sanchez expressed his happiness to visit Baghdad, pointing out that he “held fruitful consultations with the Prime Minister and we touched on the development of relations between the two countries.”
“We are committed to supporting the stability of Iraq and we will make a joint declaration to define the areas with Iraq and we will hold a meeting of the joint committee in Baghdad,” he added.
“There is a desire for Spanish companies to contribute to the construction of Iraq and Gaza, which is in a tragic situation, and we refuse to target civilians in the Strip,” Sudani continued.
The Spanish prime minister called for “a permanent ceasefire in Gaza and Iraq, a country of civilizations, and we are honored to visit us to Baghdad and aspire to strengthen relations.”
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 Evening everyone….hope you all had a good day.
Member: RV there yet? ….lol
Member: Frank says Fils are out
MZ: Fairly quiet day today. A number of group leaders are trying to get their feet under them today after a travel day yesterday. I was hoping for a solid update tonight from group leaders and bond contacts. But today they are in place for things. Hopefully we will get updates tomorrow.
MZ: Have not heard anything negative. Hearing things are still on track.
MZ: The economic Ninja did a video about “What Iraq just did will affect the whole world.” He is not talking about an RV. He is talking about getting rid of the US dollar. He also talks about the Kuwaiti Dinar…..and how the connected people got to take advantage of it. He also said Iraq is different because there was no internet with Kuwait. He says they engineered a revaluation with Kuwait. And many people did very well. He mostly talked about Iraqs de-dollarization and willingness to tell the US to s**** off. Iraq needs to support their own country and trade internationally. He does touch on a lot of history and why we should expect an Iraq revaluation.
MZ: “Russia and Iran officially ditch US dollar for trade” Another good one.
MZ: “First Rupee payment for oil to the UAE” This is from India. More de-dollarization
MZ: There seems to be a lot of fear about redemption centers. What I refer to as redemption centers are participating banking institutions. You can call them what you want. These are banking properties with banking personnel trained to handle foreign currency transaction and verify them on-site instead of sending them off somewhere.
MZ: You folks need to make your own decisions …but there is a lot of fear mongering going on about it. I cannot believe people are still fighting over terminology. No one is telling you to go to a motel 6 or red roof inn to exchange…or an old abandoned warehouse. ……use some common sense…I cannot believe we are still talking about this.
Member: Common sense is not all that common anymore.
Member: Common sense. Mark you are asking for the impossible. It hasn’t existed for hundreds of years. Give up looking… lol
Member: We are hearing that the rates are jumping around too much. Maybe we need the rates to settle in and we should be good to go.
Member: In Iraq: The rerouting of almost every major shipping line now going through the southern port of Iraq currently operating and projected to match the annual revenue of their oil proceeds. Unimaginable wealth
Member: I heard there are still 7 states that have not adopted gold backed legislation . How can the US adopt gold backed?
MZ: Why do they have to adopt it? ….Its already in the US constitution. Gold and metals are our assets . The current fiat system is the one in conflict with the law.
Member: Don’t sweat the small details like redemption center vs bank building office suite. All we need is the notifications and all those types of questions will be resolved. Patience is necessary.
Member: Just watched Nadar and Angle 1 interview. Good information on current news
Member: Nader and Angel 1 were talking about the redenominating of the currency…meaning we would trade our currency for the smaller bills?
Mod: Thank you Mark and mods….appreciate everything you do for all of us every day
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY
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.
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