Prime Minister Mohammed Shia Al-Sudani has attended a working meeting on the sidelines of the Davos Economic Forum in Switzerland, involving the heads and representatives of 57 global companies specializing in energy, oil, gas, and various economic sectors.
During the meeting, he discussed the government’s plans for development and economic reform, highlighting significant progress made. He also emphasized substantial investment opportunities, industrial city projects, the Grand Faw Port project, and the Development Road project, along with integrated oil field projects.
Prime Minister Al-Sudani pointed out solar and renewable energy projects undertaken with Chinese and Emirati companies, confirming the government’s broad focus on gas investment and expanding investment opportunities in this promising sector. Additionally, he mentioned housing projects that have started and others planned across all Iraqi provinces.
Highlighting the importance of banking reforms implemented by the Central Bank of Iraq, he stressed the ongoing efforts to comply with international financial and banking system standards by engaging with international banks.
In terms of reinforcing stability and security in Iraq, Prime Minister Al-Sudani emphasized that the stability of the region relies heavily on Iraq’s stability. Any attempt to destabilize the internal situation in Iraq or jeopardize its security would negatively impact regional and international security in the Middle East.
The meeting was attended by the Ministers of Foreign Affairs and Oil, the Governor of the Central Bank of Iraq, and several advisers to the Prime Minister.
Tier4b will receive notification around the first of next week and be able to set appointments startingThurs. 18 Jan.
Wed. 10 Jan. to Fri. 12 Jan. Texas Snake:
“The folks I am hearing from are suggesting our notifications will occur between the Wed. 10th and Fri. 12th of Jan, with exchanges commencing somewhere between Thurs. 18th and Sat. 20th.
Well the call confirmed what I had heard and was going to share. There are more rumors and tentative release dates than anyone can keep up with starting today thru the end of March but the folks I am hearing from are suggesting our notifications will occur between the 10th and 12th of this month with exchanges commencing somewhere between the 18th and 20th with a maximum initial cash distribution via debit card of 10k with balance due deposited in your new QFS Account within 10 to 15 business days after your exchange. Is there confirmation of this via official agencies, NO, but the exchange centers are preparing for the dates suggested to schedule appointments. Best I have at the moment…….
It is 2300 hours on the 4th of January and while I have no definite date or time I am encouraged based upon preparations dealing with exchange center preparations I have become privileged to learn about that our window drawers nearer and nearer. GOD Bless you folks for hangin’ in there.
“The WF Banker is back in Texas and does not anticipate on returning to the West Coast until we have concluded our exchange process and his job in these five states has concluded. He seemed very positive it wouldn’t be that long a period before he could rejoin his family.”
Folks, as I have stated before the world economy cannot continue without the RV and the powers that be know this. On Fri. 23 Dec. I spoke with a banker contact. He was going to Los Angeles or San Francisco to spend the holiday with his family. He indicated that point it might be much later into January before we did anything.
So today (Thurs. 28 Dec.) since I hadn’t heard from him, I called and spoke to his Assistant. She said he’s planning to fly back into Texas tomorrow Fri. 29 Dec. He’s got these five stages he’s involved with. He’s training a number of Wells Fargo bankers on the procedures that they have to follow in order to do exchanges.
He said that everyone that goes through an exchange process will be getting some type of a new Credit Card/ Debit Card that hooks into the QFS system. At your exchange you will get at least one or two percent of whatever you’re going to exchange immediately put on that card. They will open a new account for you, or possibly multiple accounts.
If you have more than one currency and wish to open an account for each currency, they will do all that at your exchange meeting. Then it will be 10 to 20 days after that funding will actually appear in your new accounts. I think he said it was a $10,000 dollar debit card to leave the exchange process with so you have funding at least up to 10 grand to do certain things you may need to do.
FIREFLY: Television showing Sudani in Davos. He's sitting right next to JP Morgan. A representative on the news showing they are ready to open three more branches here in Iraq with private Iraqi banks ...
FRANK: JP Morgan...knows what's going on and they know that a new exchange rate is coming. The employees of Chase don't know anything but the Chief Executive Officer of Chase, Dimon obviously does know and is making an amazing statement in these articles...
FIREFLY: There are many reports coming out today from Sudani people indirectly through the CBI telling us the amount of corruption here in Iraq is still staggering. They are finding ways to seal our currency...
FRANK: It is extremely hard for you guys to deal with your currency when...the currency you do have is being stolen.
FIREFLY: CBI on news saying they have taken measures and decisions on supporting the dinar and maintaining its value against other currencies in the world talking about how CBI fully supports and back dinar and how it will be holding its own against other currencies. Saying this will positively affect the exchange rate.
FRANK: I am excited that they are giving you deeper information about the monetary reform and how it’s going to add value to your currency and I love how they keep saying in the coming days let’s see what happens around 15 January.
FIREFLY:Financial expert on TV saying there will be changes to the value to the Iraqi dinar after the new year.
FRANK: The CBI, without any fear, without pulling any punches back, they flat out tell you the beginning for next year your currency will have value added to it. Of course, because you won't be able to use any other currency in your country.
Therefore the sanctioned, punished program, used toilet paper rate of your 3-zero notes is going away...You are about to be a powerful linchpin in the financial theater of this world. Iraq is about to change as quickly as darkness turns into light. Get ready, you are about to walk with elegance and grace once again.
FIREFLY: The television is talking about how Iraq and a basket of currencies will help to reduce the dollar rate. They are already talking about the yuan and rupee... The government is saying we aspire to end the parallel market dollar in the coming days.
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.
FIREFLY:Financial expert on TV saying there will be changes to the value to the Iraqi dinar after the new year.
FRANK: The CBI, without any fear, without pulling any punches back, they flat out tell you the beginning for next year your currency will have value added to it. Of course, because you won't be able to use any other currency in your country.
Therefore the sanctioned, punished program, used toilet paper rate of your 3-zero notes is going away...You are about to be a powerful linchpin in the financial theater of this world. Iraq is about to change as quickly as darkness turns into light. Get ready, you are about to walk with elegance and grace once again.
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: Happy Fri-yay everyone
Member: Good morning Mark. Any word on any Whales being paid or on any NDA's???
MZ: I am hearing a ton about it but have not been able to verify anything. I have talked to a number of them and they have great expectations and are expecting payments very soon. They have been told they will have a “iron clad NDA”
MZ: I think that is their way of saying “when I can’t say anything” that this means they have funds and NDA’s signed. But, they are still talking right now. I know this disagrees with some gurus on the boards. But these are the facts I have from people involved.
Member: Any truth about a $3 rate in Iraq?
MZ: No truth to that…..yet. The rate has not changed in the country or out of the country. That is the reality.
Member: Are you under an NDA Mark?
MZ: From years ago –I signed an NDA for one transaction that has not happened yet. I have a skr (safe keeping receipt) and I cannot talk about the specifics. And I have not received any funds from it. I have not signed anything recently.
Member: I talked to my bank teller yesterday and asked her if she’s heard about the revaluation of currencies and she said yes. I told her to look into it for herself
Member: I went to my bank in a small town in Hawaii, asked them if they were doing a currency revaluation, she nodded yes ,I got excited.Then went back in a few days asked about Zim Bond ,she said not on her screen, looks like I will have to travel to Honolulu for an RC
Member: Any news from Vietnam?
Member: Vietnam is sitting really pretty in their economy. They are main processors of silver! And get this, Cinnamon!
MZ: News from Vietnam: “Vietnam treads the path to becoming an International Financial Hub” There is a lot of pressure from countries around the world for Vietnam to move their currency value up. Great things happening there.
Member: Does the Iranian rial have to RV at the same time as Iraq?
MZ: Yes and no……Iran seems to be dead set at creating as much chaos as they can which may limit their ability to revalue at the same time. Which could also mean other values in the region would be lower than they would like. Right now there is an excellent chance Iran will not RV with Iraq. We don’t know for certain…..opinion is based on geopolitical tensions.
MZ: Yesterday was a great news day from Iraq where they are openly talking about changing their value and a rate competing with the US dollar.
MZ: “Iraq won the position of Director General of the Arab World Institute in Paris” This means they are on the world stage. What is going to necessary for this? Full membership in the WTO and a new rate. That would make sense.
Member: Mark, do you think the RV will be dragged into March? Every month it feels like we’re going and then BOOM we have to wait another month!
Member: Nobody knows the date…….lets just hope its sooner than that.
Member: Everyone have a great Friday….stay safe and warm.
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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.
The deletion of the zeros project off the exchange rate. Alaq has done it. Seleh has come out and done it in the last two days...It's fresh. It's important. We all know the WTO is about trade. If anybody thinks they were going to do this at 1310, show me why because they could have that that a year ago at 1450...They didn't...
Now you have 5 articles from the WTO, you have documents from the Central Bank of Iraq, 11 pages talking about metal coins?
Why would you be talking about metal coins/currencies and exchanging notes, counting them, mechanisms to do all that when you don't have any? 1310 there's no coins. Then you see 5 articles about the ascension to the World Trade Organization...I'm pumped. I'm excited about it.
IMO those of you that deal in commodities...you saw 1.68...on the 15th. Today you saw 3.04 on the commodity trades with the Iraqi dinar and you saw it being done in Iraqi dinars, no other foreign currency ...based on what we are seeing, they are agreeing to the future rate of the Iraqi dinar in commodities in dinars. These are contracts...to buy or sell a specific quantity of a physical commodity at a specific price on a particular date. Basically what you saw...IMO are Futures.
Article: "JPMorgan Bank announces its readiness to open accounts for three private Iraqi banks" HEY CHASE BANK MANAGER... READ 'EM & WEEP!!! I TOLD YOU SO!
What did we say they were going to do on the 15th? Go international. Do you think they did? Yeah. It's not for me to prove it to you, it's for them to show it to you. But let them show it to the citizens first.
Beside Sudani and Alaq, the only two we listen to, I want you to add Barzani. As time goes by you'll understand why. Barzani is working very nicely with Sudani, Baghdad, the GOI...We're adding Barzani to the group. Sudani and Alaq are explaing the monetary reward to the Iraqi citizens, so is Barzani.
IMF welcomes Iraq’s accession to a program that supports economic reforms
Fuze: The primary Economic Program for economic development of a country is Artcle 8 compliance. This article states Iraq has ascended to this mysterious program, to begin implementation next month!!!!! Not without a REER (reel effective exchange rate) you won’t!!!
This is huge News!!!!
Economy News – Baghdad
The Managing Director of the International Monetary Fund (IMF) welcomed on Thursday Iraq’s accession to a non-financing program to support economic reforms, during her meeting with Prime Minister Mohamed Shia Al-Sudani to meet in Davos.
The Prime Minister’s Information Office said in a statement received by “Economy News” that “Sudan met with the Managing Director of the International Monetary Fund, Kristalina Georgieva, on the sidelines of his participation in the Davos Economic Forum held in Switzerland.”
During the meeting, they discussed the financial cooperation relations between Iraq and the International Monetary Fund, within the framework of supporting the development path in Iraq.
Al-Sudani pointed 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 IMF begin next month to implement this program.
She also praised “the steps taken by the government in the field of the financial and banking system, and improving the business and investment environment,” expressing “understanding of the specificity of Iraq and the challenges it faces.”
