[via PDK] In Iraq: “Al Sudani discusses with JP Morgan the opening of accounts with Iraqi banks.” This is a worldwide thing and to me this means international.
Article: “Al Sudani arrives in Davos to push the “Development and Road Agenda”He is pushing to be international in world trade.
Article: “Liberation of the dinar from the official rate: Obstacles and Solutions”
They are again talking about the need to increase the value and adjust all the mechanisms to do so. They talk about killing the black market because the markets will determine the new rate.
There is a lot of news out of Iraq. According to the Iraqi press they are working hard on a change of value and deleting of the zeros. Deleting the zeros does not mean just take the zeros off…it means the dinar gains so much strength that you cannot use the bills with the 3 zeros on it…
All of these rumors are just from idiots trying to get you on their calls or sites to make money from their sponsors. So, if you are a Mnt Goat fan you are much, much more informed and ahead in your knowledge of what is actually taking place than what these other bozos tell you. Please don’t doubt yourself and believe all this other nonsense.
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. They are tired of being bullied by the U.S. with their own money.
We know they have plans for yet more Sovereign Funds to invest their reserves.
We know they are making agreements now for “currency swaps” for trade with Iran, China, Turkey, Kuwait, Emirates, and many EU countries as Iraq will no longer be using any US dollars in Iraq as of January 1st 2024.
We know that the IMF is now working on the final stages of pulling together agreements to build a new basket of six (6) currencies to re-peg the IQD.
More pressure from Iraqi economics advisors to the government to use a “basket” of currencies for the new dinar peg. This is the IMF plan of 2011 all along.
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 does exceed even pre-1991 era but still at 1/6 of a penny for a rate? The value won’t go up, its already there. Get it? Why is it being suppressed? Iraq needs to see a rate reflecting the TRUE VALUE. What is holding it back?
We know Iraq now pumps 2/3 more oil than in pre-1991 era.
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, the CBI has told us many times already that January is the most opportune time to reinstate for accounting purposes, since it begins their new FISCAL year (for accounting purposes).
Imminent World Trade Organization full accession
Just be patient, the reinstatement is coming and I firmly believe from what we now know there is a very strong likelihood we NOT are going to be at the banks in early 2024 but there is still strong hope for early part of the new year. There is no guarantees and so no one really knows a date when the event will occur. Let’s just follow the FACTS and see where they lead us…okay? Iraq is full of surprises and so anything is possible.
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Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani and the Regional CEO of JPMorgan Bank discussed on Wednesday coordinating technical efforts with the Central Bank of Iraq in establishing ideas related to trading digital currencies for central banks.
The Prime Minister’s media office said, in a statement received by Shafaq News Agency, that the latter “met today, on the sidelines of the Davos Economic Forum in Switzerland, the regional CEO of JPMorgan for the Middle East and North Africa, Khaled Hoballah.”
He pointed out that “the meeting witnessed a discussion of the prospects for cooperation in the financial fields, and the opening of accounts for Iraqi banks, as well as the possibility of the bank participating in the government’s efforts to adopt electronic payment applications in the Iraqi markets.”
He stated, “Discussions took place in coordinating technical efforts between the Central Bank of Iraq and JP Morgan Bank in establishing ideas related to trading digital currencies for central banks.”
The Prime Minister indicated, according to the statement, “Iraq’s aspiration towards the Bank’s cooperation with the Iraq Fund for Development, and the financing it targets to finance private sector projects in Iraq, stressing that Iraq is proceeding with financial and banking reform steps, in a way that helps in developing this vital sector.”
For his part, Khaled Hoballah expressed JP Morgan’s readiness to “strengthen cooperation with Iraq as a government, with the Central Bank of Iraq, and the Iraqi banking sector,” stressing the bank’s intention, as a first stage, to “open accounts for three private Iraqi banks.”
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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 everyone… good morning Markz and mods
Member: Mark and Mod squad, what is the good word for today?
MZ: There is a lot of “Economic Gold “ coming out of Iraq right now.
Member: Saw the Sudani interview in Davos and didn't really hear anything that pertained to the RI
Member: Nader seems happy ... very very happy
MZ: Nader has dropped a new website because it appears things are very close. Its at www.naderdirect.com Expect him to drop a number of videos today.
MZ: Nader talked about “Baghdad economics affair expert calls for a basket of currencies” Like the Euro, the Chinese Yuan or the UAE dirham….in valuing the Iraqi dinar in a way that competes with the valuation of the US dollar. ;
MZ: They are calling to no longer have a fixed rate. But, attaching it to a basket so its value can compete with the USD. You know they have been working on de-dollarization. One US dollar buys 1300 dinar right now. For it to compete with the US dollar……the rate needs to be a whole lot closer.
Member: So according to article it will soon be at least 1 to 1? I could live with that.
MZ: I know things have been moving slowly, slowly, slowly….I think we are about to see the “suddenly” part of this thing.
MZ: MilitiaMan also did another solid one….an overview of where we are at. Be sure to go listen to them all and support them on their channels.
Member: Iraq’s rate when they were still in the WTO before the devaluation in 2003 was about $3.22 I believe.
MZ: We have articles that say their ascension to the WTO was approved back in Feb of 2023. At this point I believe they are just dotting the i’s and crossing the t’s ….
MZ: My contracting sources in Iraq say the valuation has been determined …and we are just waiting on the release. I think that is very accurate. I think when we look at all the articles coming out right now discussing undoing the government “fixed rate” …and how the black market rates will disappear once the rate is pegged to a basket like they want.
MZ: “Parliamentary finance : The council of ministers will send the 2024 budget to Parliament next week”
MZ: I can tell you there is a tremendous amount of chatter in the bond side right now with the possibility of movement as early as today. But, most of my contacts believe movement will occur early next week. There is a lot on the bond side that I am not sharing yet….because they don’t have real spendable money yet.
MZ: We should start seeing activity on the bond side between now and the first of the week…..if accurate.
Member: I thought if the bonds get paid we get paid at the same time?.. (again nobody knows the process for certain)
Member: When the bonds get paid we should at least get notifications to start making appointments.
MZ: “Iraqi Prime Minister meets 57 businesses in meetings in Davos” He has been sitting down with some of the top leaders in the world in petro, chemicals, building, gas ect…….he has also been meeting with Jake Sullivan for a timeline for getting rid of US forces in Iraq.
MZ: The US is now working on a strategic framework agreement for getting its troops out of Iraq.
MZ: “Iraqi customs official jailed …must repay 60 million” It was actually 38 billion in dinar….This official had stolen over 60 million dollars….that could have been spent on building, education , food ect……His jail sentence is over 10 years or until he pays them back.
MZ: From the Russian Embassy in S. Africa: “20 countries have already joined the financial messaging system of the Bank of Russia.” This is their alternative to the SWIFT. This new system already includes 557 banks in 20 countries and is growing. This is going around the western hegemony and is allowing transactions and money to move all over the world. This is big.
Member: I think BRICS is going to save the world and get us off fiat for good….
Member: I wanna call my bank and say "Shoooobeee Dooobie Doooo -- Do You Have A DelaRueeeee?
Member: We were CHOSEN to be here at this time...Have faith...Our day is coming...
Member: Everyone have an awesome day! Stay warm and safe.
Mod: EVERYONE HAVE A FANTASTICALLY BLESSED DAY
THE INFO IN THIS PODCAST IS FOR GENERAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN THE GROUP OPINION ONLY
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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.
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