Friday, January 19, 2024
"RV UPDATE" BY GOLDILOCKS, 19 JAN
Goldilocks and Seeds of Wisdom
Baghdad (IraqiNews.com) – “The Iraqi Prime Minister, Mohammed Shia Al-Sudani, met on Thursday with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), who welcomed Baghdad’s accession to a non-financing program to support economic reform in Iraq.”
The IMF is expected to move forward with a non-financing program in Iraq beginning next month.
An unfunded debt is a short-term Financial obligation that comes due within a year or less.
It is a short-term contract whereby two entities agree on a non-performance-based payment, and the monies received are on a limited basis.
In other words, Iraq is planning on using a limited support system from the IMF to push their Economic Reforms out in February of 2024.
© Goldilocks
Iraqi News Kink
Law Insider Link.
Read closely to these words in this article…
“The Prime Minister’s Office (PMO) mentioned in a statement that meetings with the IMF will begin next month to launch the program.”
No one is calling an RV just yet.
© Goldilocks
Iraq and the IMF are discussing cooperation. And start meetings soon to support a reform program, 19 JAN
Iraq and the IMF are discussing cooperation. And start meetings soon to support a reform program
January 18, 2024 02:34 PM
Live: Prime Minister Mohammad Shiaa Al-Sudani, Director General of the International Monetary Fund, Kristalina Georgieva, met on the sidelines of his participation in the Davos Economic Forum held in Switzerland.
During the meeting, according to a statement issued today, Thursday, by the Prime Minister’s Information Office, they discussed financial cooperation relations between Iraq and the International Monetary Fund, within the framework of supporting the development path in Iraq.
Al-Sudai referred to the government’s plans in the field of economic and financial reform, as a gateway and basis for all reforms planned by the government in all vital sectors.
Georgieva welcomed Iraq’s accession to a non-financing program to support economic reforms, as meetings with the Fund begin next month to implement this program, and praised the steps taken by the government in the field of the financial and banking system, improving the business and investment environment, expressing her understanding of Iraq’s privacy and the challenges it faces.
In a separate context and on the sidelines of the Davos events, the Prime Minister met with the President of the Swiss Confederation, Viola Amherd.
The meeting dealt with bilateral relations between the two countries, and ways to develop them in various economic, banking, security, diplomatic and cultural fields, and the agreement to start bilateral consultations for the purpose of activating the joint committee between Iraq and Switzerland, which has been suspended for more than 3 decades.
The vital development path project, and important opportunities in it, which Swiss companies can invest and participate, was also discussed.
The Prime Minister expressed his appreciation for the position of the Swiss side and its cooperation with Iraq in the return of precious artifacts belonging to Iraqi civilizations, which were smuggled during the past years.
On the war on Gaza, Al-Sudani stressed that stopping the aggression is the key to the return of stability to the region, and constitutes a moral and humanitarian responsibility of the international community, the countries of the European Union and the rest of the major countries.
For her part, Amhird affirmed her country’s support for efforts to stop the war, end the suffering of the Palestinian people, and Switzerland’s readiness to provide all forms of urgent humanitarian assistance to the Palestinians.
"RV UPDATE" BY MARKZ & MILITIAMAN, 19 JAN
Militia Man & MarkZ
[via PDK]
Militia Man: Economic experts in Iraq are talking about using a basket of currencies. They are talking using other currencies and for the dinar to compete with the value of the dollar.
MarkZ: When you said Iraq plans to compete with the US dollar- They cannot compete with the USD at 1 dollar buying 1310 dinar.
Militia Man: I just read that the basket of currencies with the Euro, the Chinese yuan, and the UAE durham will be used to value the Iraqi dinar in the way that competes with the US dollar. That is the quote.
MarkZ: That is telling.
MarkZ: There is no future for them without an improved exchange rate...
Militia Man: If they have a REER (Real Effective Exchange Rate) based on true values…from oil, natural gas, borders, tourism, taxes and tariffs…it’s going to be phenomenal…and that is what they are working on. I think everyone should be excited as we are watching it unfold. We should all have confidence that what we are invested in is coming to fruition. That is my belief…everything is very positive.
Question: What happens if they just print new notes and the dinar we hold are not good anymore?
MarkZ: That will never be accepted in the international world. You would have to have a closed economy to do that…like N. Korea. You cannot do that to the international world though.
Militia Man: We can clearly see the people behind this – the WTO, The IMF, The world Bank…the BIS, the Federal Reserve bank…The US, Canada, The UK…all kinds of countries hold dinar in their foreign reserves. Iraq cannot just say…”Sorry guys- we aren’t paying you” That is not going to happen.
We are talking trillions. Look at the US- The US embassy in Iraq is one of the biggest in the world. One of our presidents said we are going to get paid back for this. They are planning big things over the next few months and need an exchange rate to match. Sudani has been moving on steroids to get this done.
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-markz-militiaman-6-jan.html
Question: What happens if they just print new notes and the dinar we hold are not good anymore?
MarkZ: That will never be accepted in the international world. You would have to have a closed economy to do that…like N. Korea. You cannot do that to the international world though.
Militia Man: We can clearly see the people behind this – the WTO, The IMF, The world Bank…the BIS, the Federal Reserve bank…
The US, Canada, The UK…all kinds of countries hold dinar in their foreign reserves. Iraq cannot just say…”Sorry guys- we aren’t paying you” That is not going to happen. We are talking trillions.
Look at the US- The US embassy in Iraq is one of the biggest in the world. One of our presidents said we are going to get paid back for this. They are planning big things over the next few months and need an exchange rate to match. Sudani has been moving on steroids to get this done.
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-markz-militiaman-4-jan.html
Evening News with MarkZ. 01/18/2024
Thursday Evening News with MarkZ
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 evening MODS and RV family…. hope everyone is staying warm and safe
Member: Great evening for a reset. Some rumors have in country rate of dinar at $3.22
Member: If it’s over $3….. I think he would be wearing a gold hat??? lol
Member: So what’s left to get done???
MZ: That’s a good question. My contractors in Iraq say there is nothing to get done…and soon will be springing the timing on us.
Member: Mark, are you holding back something?
MZ: Yes I am…waiting to see if it comes to fruition. Specifically on historic bonds.
Member: I read Iraq is planning on using a limited support system from the IMF to push their Economic Reforms out in February of 2024.
MZ: “Iraq and the IMF are discussing cooperation and start meetings soon to support a reform program” They would not be having these meetings on Iraq on the world stage unless they were ascending to the WTO and about to hae a valuation change. And that is certainly what we are hearing from contractors and government officials inside Iraq. We just don’t know the exact time…but know they are prepared.
MZ: And they told us via an article we shared this morning that they are getting ready to peg their currency to a basket of currencies from the region to increase the value of the dinar to compete with the US dollar.
Member: I read Iraq named a Speaker today :) Now out with our troops :)
MZ: “ Iraq Prime Ministers says US troops in Iraq is no longer needed” The US does not want to lose their presence there and base of operations. But, they are going to lose it.
MZ: Remember what Trump had told them. “We will leave when we get paid”(repaid for the war) and the push is on for us to leave.
Member: The US needs to leave, they are slowing us down.
MZ: “Sudani: We are facing a new Iraq economically” These are comments made today.
Member: Where can I find Dr. Shabibi talking about the RV?
MZ: Here you go…. Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME
MZ: That video is from April 2011. This plan has been in place for quite some years.
Member: And Jamie diamond said he's opening 3 Chase banks in Iraq
Member: I believe Iraq will rival Dubai with wealth and a tourist destination
MZ: “Fed rate cuts could push gold prices up 20% this year, but silver will jump 48%-AuAg fund” These numbers are telling us the world is about to enter a commodities super cycle. Exacctly what we are expecting during a revaluation.
Member: Our bank had some of the lanes in the drive thru closed and it said interactive ATM’s coming soon
Member: We were CHOSEN to be here at this time...Have faith...Our day is coming...We will create our new beautiful earth together...
Member: Good night all!. dream sweet of good things to come!
Member: Thanks to everyone and see you all in the AM
“THE INFO IN THIS PODCAST IS FOR GENERAL INFO & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY.
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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.
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
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