That the Iraqi dinar and the American dollar are divorcing by mechanisms...It's causing the American dollar to go down...just in one week 150 to 140 to... 135. The value of the Iraqi dinar is going up as the American dollar inside of Iraq is being put away...it's not in the picture anymore.
The next step in the monetary reform investment that you're involved in will be the most difficult step. It wasn't difficult to decide to buy the currency. It wasn't difficult to put it in a safe all these years and wait. Well I guess it was a little difficult. But you're now at the point where you have to make decisions with what you have...You will be attacked ...You all need to take this a little bit more serious...
on the 15th is when the CBI said the dinar would go international. IMO it already did on January 1, 2024. On the 15th I think it's when they make it official on the boards. That would be good because then it's going to be used in markets. It's going to be used to buy, sell trade. It's going to develop trust, security, stability, value and that's not even the basket...!
Al-Sudani: The presence of American forces in Iraq is destabilizing, and we want their quick exit, 11 JAN
Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani confirmed that Iraq wants a quick and orderly exit of the international coalition forces led by the United States, describing the presence of those forces as “destabilizing” in light of the regional repercussions of the Gaza war.
Al-Sudani told Reuters that there is a need to reorganize the relationship between Iraq and the American forces so that it is not a target or justification for any party, whether internal or external, to tamper with stability in Iraq and the region.
He added, “The exit of these forces must take place through negotiation.”
Long-standing calls by mostly Shiite armed factions, many of which are close to Iran, for the departure of the US-led international coalition forces have gained momentum after a series of US strikes on factions linked to Iran that also form part of the official Iraqi security forces.
These strikes, which came in response to dozens of drone and missile attacks on American forces since Israel launched its war on the Gaza Strip, raised fears that Iraq would once again become the scene of a regional conflict.
The oil & gas law is a very important and is considered to be integral to the citizens needs and the economic development of the country. They stop short of telling us what came of the oil & gas law today. Why? ...One reason would be that there is exchange rate sensitivity with respect to the law...An exchange rate to be one that is stronger than the dollar (Per Al-Sudani) will help largely in that regard. So, yesterday they were focusing on the importance of this law and with urgency. A very good sign!!!
Developing the market for the banking sector is huge because look, the ISX shows that their index has been up about 52% in 2023...Why is that if Iraq is just status quo and it's just blah...? It's not.
Once they...get the parallel price to say 1320, 1310 as apposed from 1560...they'll adjust and finish the project to delete the zeros. Remember, it's not off the currency, it's off the exchange rate of the currency. There is a difference. A lot of people are still hung up on that...
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 all…..Happy to be here.
Member: Come on Mark…..Bring on the golden hat!!
MZ: I am so ready to wear that.
MZ: Lots going on in Iraq…They want the US out and they want to move forward. .
Member: Markz, are we all going to get the same rate?
MZ: It is my understanding we will all get the same rate. There are some groups that had pre-negotiated SKR’s …their payout works differently under their structure and may get a different rate….but all of us getting the “internet rate” should get the same rate. . no matter what participating bank or RC you go to.That is what I was told repeatedly.
MZ: “ Exclusive: Iraq seeks quick exit of US forces ,but no deadline set-PM says” This one is from Rueters. Focus on the word “quick” Remember one of the Things President Trump had told us….”We will leave Iraq as soon as we get our dollars” referring to the revaluation.
MZ: This makes sense to have the RV when US forces are gone….Iraq will have a lot more credibility in the region …and Sudani is expecting a “quick exit” which is good news.
Member: 100% sovereignty is the name of the game….
MZ: Yes it is.
MZ: “Ministers discuss with a delegation from the Kurdistan Regional Government the preparations for the 2024 budget” They have already agreed to the 3 year budget….this is good they are working on this and the HCL law.
MZ: “Texas moves to support gold” One of the things Texans will be voting on this year is a Texas gold depository with an alternative payment option in the state of Texas.
MZ: “Oklahoma Bill moves to create gold and silver depository” Hmmm there is a pattern here.
MZ: “Gold is about to start radically outperforming the stock market” With volatility…..gold breaks out.
Member: Mark : Chinese New year is Feb 10. The year of the Dragon. Do you think the Chinese Golden Dragon will release the RV funds to celebrate the New Year?
Member: Still hoping for sooner than that.
Member: Praying this out week/weekend for all the people in desperate situations
Member: I just bought Champagne in case there is a special occasion soon . . .
MZ: Andy Schectman will be joining us for Whiskey and Wisdom tonight at 8 pm est to chat…
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With wide local and international participation.. Baghdad Exhibition opens its 47th session today
Shafaq News/ The Ministry of Commerce announced, on Wednesday, that the Baghdad International Fair will open its 47th session this afternoon, with the participation of 850 different companies from 20 countries.
Ministry spokesman Muhammad Hanoun told Shafaq News Agency, “The Kingdom of Saudi Arabia is the official sponsor of the conference, as 140 companies will participate.”
He stated that “8 Arab countries and 12 foreign countries will participate in the exhibition, namely Saudi Arabia, the Emirates, Jordan, Egypt, Syria, Oman, and Palestine, while foreign countries will include Spain, India, Pakistan, Indonesia, Thailand, Algiers, Azerbaijan, the Philippines, and others.”
Hanoun pointed out that “the exhibition will last for 10 days, starting today and ending on the 19th of this month,” stressing, “We seek through this exhibition to establish real partnerships between the Iraqi and international private sectors.”