Evening News with MarkZ. 01/23/2024

Tuesday 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

Mod:  HELLO EVERYONE! HOPE YOU ALL ARE HANGING IN THERE.

Member: Good evening Mark and Mods. Got good news tonight Mark?

MZ: There is an enormous piece of news I bet is already swamping the boards .Somewhere in the last 48 hours appearing on the website of the Bank of International Settlements (BIS) .

MZ:  “Central Bank and Monetary Authority Websites”  Scroll down and click the “I” button. In Iraq they have made it to the BIS website now as a “Central Bank” I believe this is an enormous sign that we are about to see a “boom “ in the World Trade Organization. To me this is a big one. 

Member: When the IQD goes into a basket- will it go up or down within a few days?

MZ: It will immediately go up …you won’t see a dip when the attache  to the foreign basket of middle eastern currencies. . 

Member: TNT Tony says Friday thru Sunday

Member:  If it comes out 1 to 1. I’m out of here headed to bank !

MZ: This one –well, I don’t know how seriously to take it …I will send it to my best “litmus testers” and see what they think…     “Insider Info: 400 thousand Wells Fargo and HSBC emails unleash financial redemption and skyrocket Zim bond wealth”   This is from Gazette Teller. This certainly hits the right sound buttons but may be us getting “trolled” So don’t read to much into it. 

Member: I have a cousin …VP for bank said yes to new currency but is under NDA

Member: Do you think we are going to have a Debt Jubilee?

MZ: Yes I do. If you follow history you will know we are going to have a debt jubilee. Economists from all over the world tell us the only way forward is with a debt jubilee. The world wide debt load is untenable. 

Member:  Envision the world that you want and see yourself living in it, manifest what you want

Member: I can feel it in my fingers, I can feel it in my toes, RV is all around us and everybody knows”

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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.

TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

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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Specialists: Islamic Sukuk Are An Alternative To Financial Instruments, 23 JAN

Specialists: Islamic Sukuk Are An Alternative To Financial Instruments

Economical  01/23/2024    Baghdad: Hussein Thaghab   Interest is growing in adopting Islamic sukuks as part of Iraq's strategic policy, as they are an important alternative to other financial instruments that depend on interest, and which can finance the deficit suffered by the federal general budget.

During the first annual conference, the Center for Banking Studies at the Central Bank of Iraq considered Islamic bonds part of Iraq's strategic policy.

He stressed the acceleration of the legislation of the “Islamic Sukuk Law in Iraq.” The participants also stressed the need to pay attention to developing appropriate legislation in order to make it successful in Iraq, and to make a media and promotional effort to spread the culture of investment in Islamic Sukuks among banks and financial institutions before the law is enacted.

Islamic banking specialist Professor Dr. Sadiq Rashid Al-Shammari pointed out that the advantages of sukuks are several, the most important of which is financing large projects that no single entity has the capacity to finance.

They are an investment channel for absorbing financial surpluses that their owners wish to invest and recover easily. They also contribute to managing liquidity in cases of deficit and surplus. If the bank has surplus liquidity, invest.

What he has in buying sukuks, and if he needs liquidity, he sells them with ease in the secondary market or the stock exchange, in addition to the fair distribution of wealth, because it links investment to reality and the real economy and enables all investors to benefit from the project’s profits in a fair way, as wealth is distributed on a large scale without Be a country among the rich, diversify your portfolio investments and spread your risks.

Investment sukuks mean that they are a document issued in the name of their owner or holder in denominations of equal value to prove the right of their owner to the financial rights and obligations they represent, and that they represent a common share in the ownership of assets designated for investment, whether objects, benefits, services, or a mixture thereof, and moral rights, debts, and money, and they do not represent debt. Issued to the bearer. 

He added that the sukuk, especially the sukuk of leased assets, are characterized by being an off-budget financing instrument, as the leased assets are owned by the sukuk holders during the term of the sukuk, and the obligation of the sukuk holder is limited to paying the rent to the sukuk holders, which is a revenue expense.

On the contrary, in the case of borrowing to finance the purchase of some assets, this leads to... To increase the value of liabilities because they are capital expenditures, this type of sukuk also has zakat and tax advantages.

He pointed out that Islamic sukuks can attract customers by providing high-quality services and providing the necessary financing for them to activate their commercial, investment, industrial and agricultural operations.

They also provide sufficient liquidity available to dealing investors, which is the desired goal of creating trust and achieving security, that is, achieving actual cooperation between those with financial surpluses.

And project owners who use these surpluses and not transfer the risk to one party or the other by creating advanced products capable of competing with the products offered by traditional banks, provided that they do not conflict with the rule of Sharia.

The Director General of the Center for Banking Studies at the Central Bank of Iraq, Dr. Bassem Abdul Hadi Hassan, highlighted the importance of submitting the draft Islamic Sukuk Law to the House of Representatives, so he is keen to discuss the role of Islamic finance and the Sukuk market in particular as a vital financial tool that contributes significantly to development.

Economic.

He added that the Central Bank of Iraq has a major role in this process by proposing the Islamic Sukuk Law and providing technical and practical assistance to the relevant authorities in the Islamic banking sector, and therefore it has become useful to learn about international experiences in this field, especially Arab ones.    https://alsabaah.iq/90893-.html

"RV UPDATE" BY MARKZ, 23 JAN

  MarkZ  

 [via PDK]  Comment:  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?   MarkZ:  If you correct the VND back to its old value it would be about $2.21 to $2.30…depending how they adjust for inflation…but, yeah. This is why I believe certain values will make more sense. These follow historic norms for revaluations.

 Question:  Can you clarify who has the authority and final say on the RV of the Iraqi Dinar? 

 MarkZ: It is the US Treasury. But the UST is controlled by the western banking world elites…. 

That’s who has been stalling it. Iraq and BRICS has been doing everything to force them into a corner where they have no choice but to go. That is what we have been watching. It would have gone years ago if it wasn’t for the western banking world. Here in the US – the western banking elites representatives is the US Treasury...  IMO they are doing everything right to force the US treasuries hand. Iraq told us in Dec. they would totally de-dollarize after Jan 1…. 

  Iraq is again discussing the change in dinar value openly. This makes more than 4 articles etc…in the last week. They are expecting a major change in the valuation of their currency soon.Also still talking about pegging to a basket of middle eastern currencies in order to compete with the US dollar. Also in the news there seems to be big happenings in the Iraqi currency auctions. Bringing in much more dinar. They are making all the moves we expect to see just before a revaluation. They are telling us it is coming… it is very clear how close we are.

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Transportation Sets The Date For The Opening Of The First Commercial Exchange Square In Baghdad, 23 JAN

 Transportation Sets The Date For The Opening Of The First Commercial Exchange Square In Baghdad

Economy | 11:01 - 01/23/2024  Mawazine News - Baghdad   Today, Tuesday, the Minister of Transport, Razzaq Muhaibes Al-Saadawi, set the date for the opening of the first commercial exchange square, and while he indicated that it will be advanced, he stressed that these squares will be provided with electronic gates, offices, and services.

Al-Saadawi said, “The number of commercial exchange squares reached 4 squares, one square in the Baghdad belt at the entrance to Yusufiyah, with an area of 400 dunums. The completion rate of the first phase reached 80 percent, and it is hoped to be opened during the current year,” noting that “the second square is at the entrance to Kut and the third is at the entrance to Diyala.” The fourth is at the entrance to Salah al-Din.”

He added, "These squares help relieve traffic congestion and prevent trucks from entering the capital, Baghdad, in order to maintain the infrastructure and provide great job opportunities."

He pointed out that "the squares will be equipped with electronic gates, offices, and services," stressing that they are "advanced and different from the old squares."

https://www.mawazin.net/Details.aspx?jimare=240885