...the hot topic in the CBI, as my contact told me...is that the CBI is working towards getting the parallel black market rate in check with the “official” CBI rate of the dinar. I asked my contact why the past plan to end this crisis has not yet ended it?
I was told it is taking more than expected for the measures underway to take hold, but that they will eventually end the crisis and the rate will come down..
I then asked about the “basket of currencies” we been hearing about to re-peg the dinar. I was told this is coming but they can’t peg the current in-country rate until they resolve the parallel market crisis and move to FOREX.
This is exactly what I wanted and needed to hear. This falls directly in-line with the 2011 Dr. Shabibi plan I have talked so much about already. So all is very good in my eyes as far as this process goes.
A Sudanese meeting recommends structuring government companies and reforming them financially and economically
A meeting held by Prime Minister Muhammad Shiaa Al-Sudani, on Sunday, came out with decisions to carry out comprehensive reforms to government companies and structure them to strengthen the Iraqi economy.
The Sudanese media office stated in a statement received by Shafaq News Agency, that the latter chaired the second meeting to follow up on the process of structuring and organizing government companies.
At the beginning of the meeting, Al-Sudani pointed out the importance of this process and the role it represents in the essence of economic reform, subjecting companies to correct economic foundations and standards, stressing that this step lies at the core of the strategic goal of increasing the contribution of non-oil revenues to national output and income.
The meeting came up with a number of decisions that included general principles for proceeding with the financial and economic reform and structuring of companies, in a way that strengthens the national economy and its stability. link
“US dollar exchange rate drops in Baghdad and Erbil” Iraq is going to be forced to pull that trigger sooner rather than later. This is a good sign for us and is going to force them to push forward with a value change. They want to be pegged to a basket to realize their full value.
“ Urgent- The foreign ministry announces the success of the Iraqi-American negotiations on the presence of coalition forces in the country” This has really been some kind of week over there. Years ago Trump told us the troops would leave when Iraq gets revalued and we get paid.
“Instead of Romansky Bide nominates new ambassador to Iraq” This one is important as the ambassador heading over there also oversaw Turkministans revaluation not long ago. He is renown for helping financial reforms in countries. I don’t know if they are getting ready to let Iraq go its own way or not. But it appears to be a key move at a key time with a key person.
The Central Bank of Iraq on Monday set new ceilings to fill prepaid cards known as prepaid.
The central bank sent a letter to banks and electronic payment companies, and “Economy News” obtained a copy of it, that the maximum limit of the card balance is 10 million dinars.
He added that “the ceiling of withdrawals from ATMs inside Iraq is 2 million dinars or what is determined by the owner of the ATM machine and the monthly card balance does not exceed.”
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 all….. Happy Monday!!
MZ: There is construction work on going today here and may cut the podcast short due to noise. If it is too much we will cut this morning short after the news and go much longer this evening or even start tonight considerably early. There is a ton going on.
Member: Maybe today is the day! Rumor has it that paymasters have the codes and have punched them in,
MZ: I can tell you I have a number of bond folks that are now “NDA”d” It is getting very interesting. I was told specifically that they could “no longer talk-NDA” But, I do not know if it means they have money or not.
Member: I bet they were told to shut up or they won't get any money
Member: Many NEED NDA's because they can't keep their mouths quiet anyway. If we have one it is for your own safety and privacy.
Member: Are rates showing up on US bank screens?
MZ: Probably. …Screens are confusing ….back screens , or front screens? .but I have not personally seen them show up on the tellers screens yet though. But there are reports of tellers showing people the rates.
Member: my bank manager said iqd have always been on the screen just been inactive
Member: Wolverine posted on Telegram Community that he had to be quiet and it’s time to buckle up
Member: With all the battles going on in the country and around the world.- How is it possible to have a revaluation of currencies?
MZ: The revaluation brings the peace….not peace bringing a revaluation .there will never be sustained peace until they take care of imbalances.
Member: I heard the RV help the banks be Basel 3 compliant.
Member: Once investors can't get their $$$ out...the bankruns begin...IMO...
Member: Can the RV happen before the Mar. 11 fiat/asset backed flip?
MZ: I don’t know anything about that date….but its anticipated to happen soon. Can it happen before that date? Absolutely- especially what is happening this week. Today has already been a huge day
MZ: “Evergrande was once China’s biggest property developer and has now been ordered to liquidate” the real estate giant owes over $327 billion . China is in trouble guys.
MZ: “ US dollar exchange rate drops in Baghdad and Erbil” Iraq is going to be forced to pull that trigger sooner rather than later. This is a good sign for us and is going to force them to push forward with a value change. They want to be pegged to a basket to realize their full value.
MZ: “Iraq is still in talks with Us to end troop mission against Isis” I think we are getting closer and closer.
MZ: “JP Morgan Chase, Citibank and Goldman Sachs draft landmark lawsuit against Federal Reserve” All this is over Basel 3. So with basel 3 30% of people would be able to get their money out of the banks in case of a bank run…instead of the only 20% now.
Member: What would be considered “double dipping”?
MZ:. I am told you will only get the preferential rate once. You can exchange many times…but only one appointment to get the best rate. But, if one currency goes before all the others…imo there will be no such thing as double dipping. Stop worrying about double dipping.
Member: My family is starting to get a little discouraged with nothing going on. it's hard to keep them believing.!
Member: Just hang on a little longer. We are on the cusp…….Then you can say “I told you so”
Member: Thanks to all…..see you all tonight and maybe Mark will have great news for us.
Nader briefly joined the stream today. Please listen to the replay for his information and opinions
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY