FIREFLY: TV showing the meeting in Davos with CBI governor, IMF, World Bank and Sudani have shortened the time on financial and banking reform. They're saying it's a shorter time expected now to complete the reforms.
FRANK: He is telling you they are very very close to giving you the new exchange rate with the lower denoms...What happened at Davos put the monetary reform on light speed.
FIREFLY: On the economic news an economic specialist is saying Iraq needs to use a basket of currencies to add value to the dinar against the dollar.
FRANK: Sudani sends out another expert in the financial field that you know and trust...Exactly what we've been telling you. This is the next phase IOO... This is the most powerful part of the monetary reform education to you as an Iraqi citizen...The basket of currencies is required in order to add value to the Iraqi dinar.
They will never talk to you about something that needs to be done. They will talk to you about it after it is done. That is what is called the float and that is what is going to take you back to your RI. Your currency rate has to be reinstated back to $3.22 but that's the international side of Iraq...
The goal of the CBI is to reach the Real Effective Exchange Rate. In doing so it adds value to you even thought it's 1 to 1 in country...It will stay at 1 to 1 to the American dollar in Iraq but you will finally have your purchasing power that you have long waited for.
January 22, 2024 Baghdad/Al-Masala Al-Hadath: The Federal Integrity Commission announced, on Monday, the recovery of the first batch of funds owed by a convict from the United Arab Emirates.
The authority stated in a statement that “the efforts of the Recovery Department resulted in the recovery of a first payment of the amount that the convict deposited in a bank in the Emirates,” indicating that “in 2005, the Iraqi Central Criminal Court issued a pre-trial ruling of (8) years’ imprisonment against the convict who committed “For robbing government banks after the events of 4/9/2003, it also ruled to confiscate an amount of (500,000) thousand dollars that he deposited in a bank in the UAE.”
She added, “The recovered amount was transferred from the Emirates to the Rafidain Bank account through a debt collection company,” noting “the role of the Iraqi embassy in Abu Dhabi in following up on the transfer of the amount.”
She pointed out that “the case file against the convict was sent to the Ministry of Foreign Affairs from the Supreme Judicial Council - Head of Public Prosecution, and it was sent to the UAE judicial authorities.”
She continued, “The follow-up procedures resulted in the issuance of a ruling by the Emirati judiciary obligating the convict to pay an amount of (960,100) thousand dollars to Rafidain Bank, followed by the affected party, confirming that the authority will continue to follow up on the recovery of the entire amount owed by the convict.” https://almasalah.com/archives/80339
PDK Note: I will only transcribe RV Related or Intel with Financial relevance. If any certain podcast is mainly about politics and social opinions or any political –type picture posted on Marks videos I will not do any notes. So if there are no notes transcribed…that may be the reason
Tuesday 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 Tuesday Morning
Member: Sure hope Mark has good news today.
Member: Today could be very interesting for banks who aren't Basel 3 compliant.
Member: For the Basel 3 - does the bank as a company have to be compliant or each branch?
MZ: Overall the parent bank needs to be Basel 3 compliant …not each individual bank branch….as I understand it. Its one corporate entity.
Member: Do private banks need to be Basel 3 compliant?
MZ: Yes- if they have a banking license they will have to be Basel 3 compliant.
Member: Is tomorrow the big day?
MZ: We will see soon.
MZ: On the bond side and the church groups….nobody has money yet. Bond folks are still on hold in Zurich. They have not received their 1% payout as they expected…yet.
MZ: I do know of some church groups that were hit with an NDA. But I do know they do not have dollars yet. It could some of them were sharing their updates with others…so they are now under NDA’s to be quiet?
Member: If its going to be a shotgun start…I still think they get dollars when we are allowed to make appointments…..everything goes at once.
I found this one interesting: “ Rafidain Bank announces a third series of reconstruction bonds” for amounts of $500 thousand dinar and $1 million dinar. With annual interest rates of 6% and 2 % for 2 and 4 years. Pretty great interest rates. Paid every 6 months. Its only available to Iraqi citizens or I would already be investing.
MZ: “As China stocks crash, Beijing proposes multi trillion market rescue package” The implosion continues. China is becoming desperate for a reset. Many protests and riots over there.
Member: People are desperate for a reset everywhere.
MZ: From Peter Schiff: “The dark ages for US housing and manufacturing” This is normal just before a crash. Certain markets will do well and others will take it on the chin. That is exactly what we are seeing now. Similar to what we were seeing in 2007 and 2008.
MZ: A good one from MilitiaMan late last night: They are doing a fine job and everyone should go an listen and support them. He gives real world examples on what Iraq is doing so they can change their value. .
Member: Mark, what happens to the currency we turn in at redemption. Is it destroyed or turned back into its country.
Member: I heard at one time it gets turned into the US treasury…..then sent back to the country….
Member: I believe the Iraqi dinar has to come back where it went out at. $3.22. And the VND has to come back to $2.27. According to the IMF?
MZ: If you correct the VND back to its old value it would be about $2.21 to $2.30….depending how they just for inflation…but, yeah. This is why I believe certain values will make more sense. These follow historic norms for revaluations. .
Member: We can live with those rates…that would be amazing…..they just need to do it.
Member: Mark would you please explain Tier 1,2,3,4a,4b please?
Member: There are allegedly 5 Tiers of folks Exchanging. Tier 1-governments and royalty Tier 2-whales-elite with platforms of currency, corporations, etc. Tier 3-Admirals Group, American Indians, CMKX, large church groups (like the Mormons), etc. Tier 4-all the hundreds of thousands paying attention to intel - internet groups(all of us). Tier 5- those who never paid attn - the general public.
Member: I heard a rumor that everything in the first basket would go on a float before the real rate gets locked in
Member: I am getting a lot of emails from banks wanting to be my banking and financial services. That is encouraging.
Member: Thanks Mark and Mods for all you do
Member: So many are blessed by knowing it will happen.. Think about those that are struggling that do not know anything.. and are still watching Main Stream Media...
Member: We are one day closer to our breakthrough. Thank you, MarkZ, for keeping us informed of the current news and events . God bless you all.
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BRICS, a bloc of leading emerging markets, is preparing to launch new bonds in global markets, which will be available in local currencies rather than in the US dollar.
BRICS, a bloc of leading emerging markets, is preparing to launch new bonds in global markets, which will be available in local currencies rather than in the US dollar.
The BRICS bank, known as the New Development Bank (NDB), will soon release the bonds called ‘Maharaja Bonds’ worth $28 billion, IRNA reported on Sunday citing a press release by Watcher Guru, a website introducing itself as a leading source for finance focusing on cryptocurrency.
Watcher Guru did not specify the exact date the bonds will be released but said that NDB Chief Operating Officer Vladimir Kazbekov has announced that the bank is waiting for approvals from regulatory authorities.
The new bonds, according to the website, will be made available for governments, financial institutions, and regular investors.
They will be available for purchase in local currencies in an effort to strengthen them and to help boost their respective economies.
The plan to release the bonds is part of BRICS’s initiatives for de-dollarization as the alliance is moving ahead to reduce dependency on the American currency in an effort to reform the global economy.
BRICS is comprised of Brazil, China, Russia, India, and South Africa as well as six new members namely Iran, Saudi Arabia, the UAE, Egypt, Argentina, and Ethiopia.
BRICS leaders, at their latest summit in late 2023, pledged to promote the use of local currencies as a way to ditch the US dollar, as they unanimously rejected exploiting the global economy for political purposes.
A source revealed, on Tuesday (January 23, 2024), that the Central Bank of Iraq has frozen the accounts of “Any Baghdad” in 3 major banks, from the dollar currency.
The source told “Economy News” that “the Iraqi Central Bank has frozen the accounts of Fly Baghdad Aviation in three major banks in response to US Treasury sanctions.”
On Monday, US Ambassador to Baghdad Alina Romanoski described Iran’s use of an Iraqi airline to smuggle weapons and the dollar as a flagrant violation of Iraq’s sovereignty.
This is a comment on the US Treasury’s decision to impose sanctions on Fly Baghdad and 3 other figures.