Training is complete....They are educating the citizens and answering their questions on the next step of the monetary reform. Once the LDs are announced the exchange rate inside of Iraq will move quickly. Citizens want this and they will play a part in adding value to the currency...Iraqis are starting to come into the banks here in the United State asking us questions.
Just because you didn't see it...hear it...read it...doesn't mean it hasn't happened or in the process of happening.
All systems for the monetary reform are in place, they're just not linked yet. The uplink is not on yet...Many months ago the CBI told her banks to be prepared to be ready on January 1, 2024 because of all the banking system would be in place before '24...
What they're doing right now is they're telling the citizens what they need to hear for the next step of the monetary reform...Once the lower denoms are announced the exchange inside Iraq will move even more quickly. You know how - through a float. Citizens want this movement to occur now. Citizens want their purchasing power.
All systems for the monetary reform are in place, they're just not linked yet. The uplink is not on yet...Many months ago the CBI told her banks to be prepared to be ready on January 1, 2024 because of all the banking system would be in place before '24...What they're doing right now is they're telling the citizens what they need to hear for the next step of the monetary reform...Once the lower denoms are announced the exchange inside Iraq will move even more quickly. You know how - through a float. Citizens want this movement to occur now. Citizens want their purchasing power.
The closer we get to this monetary reform, much more will be revealed...So much is already being revealed and put in print but as we get closer you will see so much more.
[Iraqi banks] are having a stampede of people going in because of the understanding of the monetary reform education. Direct deposit accounts were opened for the citizens that didn't have any accounts...
they opened up about 1 million...and they're not done yet...These bank accounts are extremely important for the monetary reform...These accounts are for payments that will be made to the citizens...salaries given to the citizens, for any retirement salaries given...for HCL payments...What they are doing is extremely important for the monetary reform process...
The President of the Republic confirms the development of a specific work program for the international coalition in Iraq, 9 JAN
Shafaq News / President of the Republic Abdul Latif Jamal Rashid stressed on Tuesday that the presence of the international coalition in Iraq should be limited to supporting the security forces and providing advice, urging the development of a specific work program for them.
The Media Office of the Presidency of the Republic stated that Rashid received at the Baghdad Palace the United States Ambassador to Iraq, Alina Romanowski and her accompanying delegation. During the meeting, they discussed the recent security developments in Iraq and the region, and the need to maintain international peace and security, and to join hands in international efforts to reduce crises and tensions and adopt the principle of serious dialogue and understandings between regional and international parties.
The President of the Republic touched on the situation of the international coalition forces in Iraq, which must be within the framework of support for the security forces in the fields of training and providing consultations, pointing to the importance of developing a specific work program for them.He pointed out that Iraq is keen to build balanced relations with neighboring countries and the world to serve the interests of Iraq and the peoples of the region and contribute to bringing the views closer between countries.
Rashid renewed Iraq’s firm position on the Palestinian issue, and the need to stop the aggression and daily targeting of the civilian population in Gaza and other Palestinian cities, stressing that the repercussions of the war on the Gaza Strip reflected negatively on the stability of the entire region.
He pointed to the need for the international community and the United States in particular to assume their responsibility to stop the aggression against Palestine.
In turn, the US Ambassador stressed the importance of strengthening relations and coordination on issues of common interest in accordance with the Strategic Framework Agreement between the Republic of Iraq and the United States, noting the United States’ keenness on the security and stability of the region and supporting international efforts to end the situation in Palestine.
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 Everyone
Member: Mark, what are you hearing from your bond and banker contacts???????
Member: Pentagon said they would not be pulling their troops out of Iraq- about 2500….what does that mean for us?
MZ: Flash back to an interview that Donald Trump did …..he said to get us out-we will be gone as soon as they pay us. It looks like we are leaving…so what does that tell you?
MZ: “Iran backs Iraqi call to end presence of US led forces” Many around the world are pushing this…..it is one of the key pieces for us…..the removal date appears to be imminent.
Member: Mark, Another visit from the CBI to the US?? This has to be it.
MZ: Yes we are getting another visit from the CBI this week
MZ: “BRICS countries shake up the world order” This is a fantastic deep dive on BRICS and what they have accomplished so far….
MZ: “Why are Germans hoarding billions of useless Deutsche Marks?” Could be something to do with sovereignty. They are not useless…..they can turn them in at any time for Euros….but many are hoarding them….it’s like they believe someday they will need these Deutsche Marks.
Member: If all countries go back to individual currencies….they will need those …hopefully soon.
MZ: We were told many years ago…..that all the nations would once again have their native currencies reinstated. I think there might be something more to this story.
Member: I heard All Banks involved in this had meetings yesterday. Waiting to hear what was said....
Member: Bank story! Asked a senior premium advisor about currency and then he asked me if I’m waiting for it to revalue! proceeded gave me his card! Didn’t deny it!
Member: Went into a small KEY bank in B'ville Uostate NY-- lots of little cubicles with actual people in them...Def getting ready!!
Member: Bank story: A client of mine went to BOA and asked a manager about rainbow currency and when it was to be out. He got on his computer and looked something up and said the earliest was July.
Member: I heard the dong may rv at .47 cents?
Member: no matter what exchange is, it's waaaay more than we have now. I'll take any blessing
MZ: .47 cents would be fantastic…but,, I think it will be more than that. Would I complain at .47 cents? No. But I am still hearing the low $2 range….and bankers think it’s higher than that.
Member: FRANK 26 SAYS 1/15/24 FOR IRAQ RV-IN HIS OPINION
Member: I wonder if FRANK26 correct that rates coming out on 15th per CBI.
Member: Everyone counting their chickens before they hatch... Do something today to improve your life & when the RV happens you'll be that much further along.
Member: Thanks to all for your info…..God Bless and have a great day.
Bob Lock and StacieZ join the stream today. Please listen to the replay for their information and opinions.
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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.
A dialogue session discussing “electronic payment and its role in the economic future”...these are its details
The Electronic Payment Culture Platform in Iraq organized a dialogue session regarding electronic payment in the presence of many government and parliamentary figures.
The session, which was chaired by Ali Al-Hilli - Marketing Director at Miswak Company, and speakers, witnessed the presence of Sabah Al-Baghdadi: Vice President of the Iraq Traders Association, Representative Hussein Arab, Vice Chairman of the Parliamentary Labor and Non-Governmental Organizations Committee.
Adnan Asaad: Director General of the Information Technology and Payments Department at the Central Bank of Iraq, Ali Tariq: Executive Director of the Iraqi Private Banks League IPBL. Ahmed Kazem: Executive Director of Investments at the International Smart Card Company (QiKi).
The dialogue session, which was entitled “Electronic Payment and its Role in Shaping the Economic Future,” addressed the vision of the various sectors regarding electronic payment, where the point of view of Iraqi merchants was presented by Sabah Al-Baghdadi and the most important obstacles they face regarding the use of electronic payment tools, especially the aspect of not standardizing commissions. And the fees are in addition to the challenges that merchants faced during the previous period when using cards outside Iraq and stopping them without prior notice, stressing the need to ensure the stability of the work of electronic payment tools so that they are a safe and stable means for adoption by the merchant segment. Al-Baghdadi also addressed the obstacles of merchants with regard to tracking external transfers, which is considered Its delay and the lack of clarity of the reasons for this are a reason for the merchant segment to be exposed to embarrassment, calling on the Central Bank of Iraq to work to establish mechanisms and direct banks to enable the merchant to track his foreign transfers similar to the developed countries, regional and global.
The dialogue moved to Representative Hussein Arab, Vice Chairman of the Parliamentary Work and Non-Governmental Organizations Committee, “for the purpose of discussing legislation and laws supporting electronic payment, the role of the Iraqi Council of Representatives in issuing legislation to regulate electronic payment and protect the users of these tools, and the importance of the private sector in general and the banking sector and financial institutions in particular in the success of this.” "The important project for the country to leave cash payment."
Adnan Asaad, Director General of the Information Technology and Payments Department at the Central Bank of Iraq, explained, "The importance of the transformation taking place in electronic payment, describing the year 2023 as the year of the great launch in the field of electronic payment, and that the Iraqi government, represented by the Iraqi Prime Minister - Muhammad Shiaa Al-Sudani, is very interested in achieving the best achievements in The field of electronic payment, and that follow-up is continuing by parliamentary and governmental bodies to activate electronic payment in Iraq.”
Adnan Asaad expressed his great optimism in the year 2024, as it will be the year of achieving great achievements in the field of electronic payment, stressing that the crisis that passed through the country in mid-2023, specifically the bad use of cards and electronic payment tools, had left a negative impact, but thanks to the measures that were taken in cooperation with... International financial institutions have addressed many problems and the electronic payment system has stabilized, indicating that the public should know the importance of opening bank accounts and using cards linked to bank accounts more since prepaid cards are intended for limited operations and this is the practice globally, and this was an answer to an inquiry about The issue of restricting the ceilings of prepaid cards, which occurred on the first of December of the previous year.”
Ali Al-Hilli continued the dialogue with Ali Tariq, Executive Director of the Iraqi Private Banks Association, “about the role of the private sector, especially private banks and financial institutions, to support the governmental and legislative approach to spreading electronic payment,” where Ali Tariq emphasized “the great role of financial institutions in this aspect and the role of the Association in supporting financial institutions.” To achieve the goals of spreading the culture of electronic payment, Mr. Ali Tariq stressed the importance of spreading the culture of electronic payment, due to its positive repercussions on the economy. He pointed out that electronic payment indicators are growing well, and there is a high response from the public in using bank cards, but we need greater interaction from Before retailers use POS.
He noted that "the government, the central bank, banks, and electronic payment companies have worked over the past period to develop the infrastructure of the electronic payment sector."
The dialogue session concluded with a talk by Ahmed Kazim, Executive Director of Investments at the International Smart Card Company (Ki), about “the importance of electronic payment and the role of electronic payment companies in promoting this culture and the importance of keeping up with developments in this field to provide high-level services to the public and encourage them to use electronic payment tools,” stressing that the company (Ki) has taken the decision to transfer investment in advertising into loyalty programs and discounts offered to the public and merchants for the purpose of encouraging the digital transformation of payments.” link
Central banks go for gold in bold move to safeguard dollar
"In a world where economic chess is the game, central banks have made a power play, amassing a record-breaking 374.1 tons of gold in 2023."
In an age whereby local currencies are beginning to be utilized instead of the dollar, the need to support these new currencies that have not been in the game for some time is clearly evident.
With the formation of the BRICS Nations, this Gold Rush will support new currencies that have not been utilized for some time and protect the dollar from being overtaken by these new competitive currencies around the world occupying places of payment the dollar used to dominate.
We are truly living in a world whereby the one true currency is emerging onto the international stage to level the playing field. It is the new anchor for our currencies and financial systems going forward.