The AFC Fund is up 110.4% in Iraq. HUGE! Think about that for a minute, What do you get at your savings account? What do you get in your IRA's? What are you getting percentage wise over an annual growth? They have 110.4%. This country is going to explode. Everybody and their brother that's invested in the dinar should be thinking clearly by now as far as I'm concerned...This is fun! ...How does Iraq have one of the best funds in the world without having reasons behind it.
1310 is not a Real Effective Exchange Rate. I don't think the largest accounting firms in the world would be dealing with this, at this time, which they've never done before, we've never seen ever the Central Bank of Iraq talk about...the 13 [big accounting firms]...They have now.
An investment budget it's not going to work at 1310. They don't have enough dinar to do that... The project is to delete the zeros off the exchange rate. Once they have done that, they've applied the Real Effective Exchange Rate they're going to have to do things differently. The world knows that. WTO...Bank of International Settlements ... IMF...US Treasury...US Fed - everybody seems to be the ones that are knowing it but they just haven't quite done it yet or are they working to finish a process that is highly complex? That's my opinion...
Contacts between Baghdad and Washington to limit America’s response to the “Al-Tanf strike”, 31 JAN
Iraqi sources revealed that there are intense communications between Baghdad and Washington to prevent any escalation, after the American President gave the green light to respond to the targeting of a military base in Al-Tanf near the Jordanian-Syrian border last week, indicating that the communications aim to limit the American response or postpone it for some time. So that the situation does not deteriorate and the circle of revenge expands between Washington and the Iraqi armed factions, while Iran called on the United States to stop using threatening language, and said that any American threat to it will not go unanswered.
These developments come at a time when an Iraqi armed faction announced the suspension of all its military operations against American forces in the region, after the Pentagon pointed the finger at it of being behind the deadly attack that resulted in the death of three American soldiers on the Jordanian-Syrian border. The faction called “Kata’ib Hezbollah” said Al-Iraqiya said that the decision to stop the attacks came in response to the efforts of Iraqi Prime Minister Muhammad Shiaa al-Sudani.
I still have significant concern over Iraq wanting to redenominate (LOP) their currency. There are numerous educational symposiums teaching the citizens about such an event. This is a very real possibility.
Article "US and Iraq agree to start talks to end presence of US-led coalition"
The dinar either rises gradually over time as Iraq's economy prospers reducing the money supply or Parliament will authorize the deletion of zeros reducing trillions to billions and a LOP. Not what we want to see.
there is no way Iraq can RV the Iraqi dinar with [120] trillion dinar in circulation. No country could afford. Iraq's total net worth is only around $16 trillon dollars.
There is no significant RV of the Iraqi dinar. And if the dinar does ever go up in value, it will be based on the success and growth of Iraq's own economy. There are no shortcuts.
Article: "Ali Al-Alaq, the current governor of the Central Bank of Iraq confirms that Iraq's money supply exceeds 100 trillion dinar."
If and when the Central Bank decides to increase the value of the Iraqi dinar more than likely it will be based on some type of gradual float as a result of the success and growth of Iraq's own economy and an increase in GDP.
I hope each and every one of you find success in this investment...It may take time. It may be another 1 to 5 years. I certainly hope not but I believe things could happen quickly over the next 36 to 48 months. It all depends on Iraq.
...We all know things don't happen fast in Iraq. Iraq has a lot of work to do in order to succeed. The first of which is pass over 100 stalled laws through Parliament to encourage investment in Iraq. And at the same time the Central Bank of Iraq has to continue reforms to the banking system, digitalization, and apply monetary tools to meet compliance .
A country's exchange rate is the result of the success and growth of their own economy. When you have a weak economy, you have a weak exchange rate. Until Iraq passes laws, diversifies their economy and increases their GDP, nothing will happen with the dinar. When Iraq passed their tripartite 3 year budget a few months back, it created the conditions for them to diversify and privatize their economy over the next three years. Now Iraq is on the clock to accomplish such.
There's a new article out that many people are translating and confusing. They are not talking about an RV in Iraq, they are talking about the spread being in compliance early next year.
Just a reminder the spread is the difference between the official rate and the market rate or street rate and has been way out of whack recently in Iraq. This article simply means they expect the spread to come down closer to the official rate early next year. There is no RV.
A very important statement was made back in 2020 by the prime minister's economic advisor Mohamed Salah who used to be Deputy Governor of the CBI under Shabibi. He stated that Iraq's entire wealth including all minerals in the ground amounts to only $16 trillion dollars. Knowing that information one can then determine that there is no way a significant RV could ever occur with over 90 trillion dinar in circulation. It doesn't make sense...
They...have to have the dinar stabilized within the country and within the 2% rule mandated by the IMF in order to then accept IMF article VIII and begin to float the dinar which would raise its value based on supply and demand. All of these processes and or steps required time.
The US Treasury requests Iraqi cooperation to limit funding for armed factions
Shafaq News/ The US Treasury Department suggested, on Wednesday, that it would obtain assistance from the Iraqi government in identifying and disrupting the financing of Iranian-backed armed groups in the country, especially after the killing of three American soldiers, as a result of a drone attack launched by an Iraqi faction.
In news translated by Shafaq News Agency, Reuters quoted a Treasury Ministry official as saying, “The Iraqi government must share information about such groups, especially after the killing of American soldiers in a drone strike.”
He added, “We are now in a situation where there has been a loss of American lives in Jordan.”
The official added, “These, as a whole, are groups that use and abuse Iraq and its financial systems and structure in order to perpetuate these actions,” adding, “We must address this directly.”
He continued: “It is clear that our expectations at the Treasury Department are that there is more that we can do together to exchange information and determine how these militias operate in Iraq.”
The official noted, “In just 12 to 13 months, we in the Treasury Department have witnessed a tremendous amount of Iraqi progress in the areas of preventing the dollar from reaching armed groups loyal to Iran.”
He added, “We are not trying to achieve perfection. This is a difficult area, and Iran is very good at this in particular,” stressing his confidence in “successfully making Iraq meet international standards for money laundering and terrorist financing, and this will lead to the removal of a large amount of unsupported financial capacity.” legitimacy of this system.
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: Last day in January. Praying that February will bring wonderful blessings to us all.
Member: Feb 1 National Freedom Day. Let's RV on this Day
Member: Good evening everyone…looks like a bad day for the banking world
Member: Are you still excited Mark or is it wearing off?
MZ: Trying to stay grounded over the next day or two as we have seen so many bond folks disappear. I am losing them…they are dropping like flies due to restrictions as to what they are allowed to say ….
Member: That is good news that they are not talking…….loose lips sink ships.
Member: I hear rumors that bond holders are looking at getting their 1% tomorrow
MZ: No CMKX news today…Mr. C has not been paid…...but lots of things are happening in the banking world.
Member: Rumor is the WHITE HOUSE is lit up GOLD
Member: Frank is wearing gold tonight and his contact said It's Done!!
Member: What else are we waiting for? Any other markers you’ve been told about years ago??
MZ: “The US Treasury requests Iraqi cooperation to limit funding for armed factions” This is all part of what’s going on as Iraq cleans up.
MZ: And yesterday- again in Iraq- they started openly talking about the exchange rate and the value of the dinar. .
MZ: “China’s major state banks defend yuan as stock market slides” They took US dollars and bought yuan….they unloaded US dollars at a huge scale today to try to prop up the yuan and keep it from crashing. We are about to see a whiplash effect of US dollars rushing back to the US. A full blown currency war is in the making.
Member: Sounds like more de-dollarization. .
MZ: “South Africa says Saudi Arabia, UAE, Ethiopia, Iran and Egypt have confirmed they are joining BRICS” ….
Member: Welcome to February tomorrow…..May it be the month we are waiting for.
Member: Thanks to all….enjoy your evening and God Bless.
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