DINAR REVALUATION

Thursday, February 8, 2024

Cairo Fines Baghdad A Billion Dollars Following A Contract That Was “Not Implemented”..Parliamentary Doubts About “Selling The File”, 8 FEB

Cairo Fines Baghdad A Billion Dollars Following A Contract That Was “Not Implemented”..Parliamentary Doubts About “Selling The File”

Money and business Economy News – Baghdad Baghdad lost about a billion dollars to Cairo for not complying with a contract with an Egyptian company concluded in 2001 that it did not implement, in a case before a court in Cairo, in which the complainant and the lawyers were Egyptian, according to a member of the Parliamentary Transport and Communications Committee.

According to a decision by the Egyptian Arbitration Court, Iraq must pay $927 million in compensation to an Egyptian aviation services company called “Horse” that was previously contracted with, but the Iraqi Airways Company and the Ministry of Transport did not comply with it.

In this context, a member of the Parliamentary Economics and Communications Committee, Karwan Yarois, explains that there are doubts that “the file was sold in some way because it is not true,” according to the Rudaw network.

He pointed out that "the complainant is an Egyptian company, and the arbitration court is in Egypt, and the Iraqi lawyer's team consists of two Egyptian lawyers, one of whom is an employee of Iraqi Airlines itself."

It is not permissible in law for an employee to “practice law at the same time,” according to Karwan Yarois, who revealed that the Egyptian employee “was contracted as a lawyer in the case for $400,000.”

Information indicates that the value of the contract amounted to $97 million, while compensation was set at $927 million.

For its part, the Iraqi government began negotiations with the Egyptian government to pay this amount through crude oil.

In turn, Yasser Al-Husseini, a member of the Parliamentary Economics Committee, confirms that the compensation “burdens the government’s burden and causes a waste of public money and many financial violations, and next week we will have an announced position on all issues and take it towards the judiciary and the government to address this matter”...

The decision of the Egyptian Arbitration Court to impose compensation of $927 million on Iraq because of the “Horse” company comes while it had been classified by an Egyptian court decision on (October 25, 2015) as a company affiliated with the Muslim Brotherhood and included in the list of banned companies.

According to follow-ups conducted by the Iraqi Parliament, the contract dates back to 2001, and the previous regime concluded it for the motive of espionage and for political purposes, but in 2005 Iraq renewed this contract again, resulting in the loss of millions of dollars.

205 views 02/08/2024 - https://economy-news.net/content.php?id=40265

Coffee with the Codeman 2/8/2024

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

Special guest host is Zester-Mark’s Son : Mark is on vacation until Wed. AM Feb. 14th

Member: Great morning Mark - safe trip and have fun! Great morning Zester, Mods, and everyone!

Member: There is a rumor that a bond holder already had their money clawed back- shared last night on Whiskey and Wisdom?

MZ: Yes……that would be accurate. If someone had it clawed back…then they had to have been given it. Right? Contacts said since they knew someone that had funds clawed back they are not going to break their NDA.

MZ: Another great one from MilitiaMan –Be sure to watch it. These things he talks about are huge. Pay attention to the UN mission – Waiting on the full release of chapter 7 to join the WTO and to revalue the currency. Be sure to go listen, like and share.

Member: Rumor: Do you know the 24 states wanting to join brics? Wish we had a list

Member: Hope that rumor is true.

Member: my credit union closed at 12:30 pm yesterday for training. i asked the teller what kind of training & was it about the new US NOTE RAINBOW CURRENCY? she wasnt sure, then smiled. i said its coming soon

Member: Zester- Do you know if BRICS has more members then they publically shared?

Zester: I know they are having conversations with countries that they are not publically sharing. I imagine there are many countries who have privately agreed to join but have been unwilling to do it until more countries agree to do it at the same time ….Many may want to get away from the Petrodollar….but are waiting until it is safe for them to do it.

Zester: Some news: “De-Weaponizing the Dollar” We know that the BRICS countries are trying to get away from the US dollar. We know China and Russia are spearheading this effort. On January 30th the first CBDC payment from the United Arab Emerites to China was completed. This was the beginning of BRICS utilizing other currencies besides the US dollar. Very good article

Zester The author of this article is a former prime Minister of the Curds (sp?) Republic and a professer at the Belguim road school in Beijing Normal University…...

MZ: Zester what is your plan for this evenings podcast?

Zester: It will be at 6 PM Est when Tucker Carlsons with Vladimir Putin interview finally comes out and I plan to be on right after it ends so we can talk about it. Plus review the news that happened today. I’m expecting the interview to be at least an hour….maybe longer.

Member: Alex Jones says the interview would be about 2 hours long.

Zester if that is the case we will do a podcast about 8 pm est….

Mod: Carlson's interview with Putin will air on Thursday February 8 at 6 p.m ET/ 3 p.m PT. It will be available to watch on his website, www.tuckercarlson.com, TUCKER SAID IT WOULD BE FREE.

Member: Just curious what do you think the odds are that the PTB cut the internet tonight before Tucker’s interview? Probably blame in on Houta rebels or a solar flare?

Zester: I think if they could get away with it – they absolutely would- But, since Tucker is on his own website domain…..I don’t think that would happen unless they take down everyones internet in the entire United States to keep us from watching it. Fingers crossed they are not that desperate to try to keep us in the dark. .

Member: I have a sneaky feeling we are going this weekend! Not resisting or pushing! Just letting it Flow!

MZ: I may be popping in off and on this week…….I am taking a laptop with me.

Member: Zester will get all the glory announcing the RV while you are away on vacation Mark..HaHa

Zester. That’s what I am talking about. If it happens while he’s gone- I will be able to say I got it done in –say 3 days…lol…I hope it does…we have all been waiting a very long time.

Zester: Monday I may be doing a beginning course on Cryptos…..I have gotten many questions about it.

Member: remember patriots when we the people fear the government its called TYRANNY, when the government fears we the people its called LIBERTY. zester thanks for stepping in for your dad. Great job

Member: You are absolutely right. And thanks for the kind words.

Mod: GUYS! PLEASE SUPPORT ZESTER! THANKS! YOU GUYS ARE THE BEST! HUGS

Mod: MR. C. IS HAVING TECH ISSUES AND WILL BE JOINING US TOMORROW AT HIS NORMAL TIME!

Member: Zester, thanks for looking after us while your dad is away having fun!

Zester: Dad really needs a little time off….So I am very glad to be able to help out.

Mod: GUYS ZESTER WILL HAVE A SPECIAL BASICS CRYPTO 101 ON MONDAY! HAVE YOUR QUESTIONS READY!

Member: See everyone tonight at 8 est.

"REFORMS IN IRAQ WILL TAKE PLACE THROUGHOUT THIS YEAR" BY GOLDILOCKS, 8 FEB

GOLDILOCKS

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the World Bank headed by the Director of the World Bank’s office in Iraq, Mr. Richard Abdel Nour.

During the meeting, they discussed enhancing bilateral cooperation between the Central Bank of Iraq and the World Bank and discussing electronic payment projects and financial inclusion, as well as reform programs to enhance the stability and development of the financial sector.

The two parties also discussed the support of the World Bank to provide advice in establishing the Riyada Bank dedicated to financing small projects in Iraq, with the support of the International Finance Corporation.

In turn, the World Bank delegation praised the procedures of the Central Bank of Iraq in facilitating financial transfers to different segments in Iraq, noting that the infrastructure of electronic payment systems and software systems in Iraq are among the best systems in the region.

Central Bank of Iraq Information Office 7 February – 2024 https://cbi.iq/news/view/2511

Economic Reforms in Iraq are currently being implemented. This does not mean it will happen all in one month. Some of these reforms will take place throughout this year.

In other words, the Central Bank of Iraq and the World Bank are currently in process of implementing their new digital asset-based trading system into the Global Markets. https://cbi.iq/news/view/2511

Iraq Dinar - Formula for New Pricing - Al -Sudani - Opportunity - Exit C...BY MILITIAMAN

A Former Central Bank Official Rules Out The Collapse Of The Iraqi Banking System As A Result Of US Sanctions, 8 FEB

A Former Central Bank Official Rules Out The Collapse Of The Iraqi Banking System As A Result Of US Sanctions

2024-02-08 Shafaq News/ Mahmoud Dagher, an economist and former general director of the Central Bank, ruled out, on Thursday, the collapse of the banking system in Iraq following the sanctions imposed by the US Treasury on a group of banks in the country.

Dagher said in an interview with Shafaq News Agency, "The collapse of the banking system due to these sanctions and restrictions will not happen despite the continued pressure of this intensity that is harming these banks."

He added that there are no real reasons for these sanctions, adding that the US Treasury only restricted these banks from obtaining the dollar.

Dagher stated, “Because there are no reasons, and because the case is suspicious, it is not a penalty, but rather a restriction on those banks, but it results in harm to them, to the people, and to the import financing process.”

He stated that the penalties came based on the banks’ dealings with suspicious financial transfers during the past year 2023.

The day before yesterday, Tuesday, Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, called on the United States of America to reconsider the sanctions imposed on 21 Iraqi banks that contribute to financing the food basket items for families with limited income, as the Iraqi Ministry of Foreign Affairs announced on Wednesday.

In July 2023, the US Treasury Department imposed sanctions on 14 Iraqi banks in a crackdown on Iran’s dollar transactions.

An official document issued by the Central Bank of Iraq this February showed that 8 Iraqi banks were banned from participating in the foreign currency buying and selling window.

Iraq has more than 70 private banks, a relatively new feature in a sector that was almost entirely under state control until the fall of Saddam Hussein's regime after the US invasion in 2003. LINK

JUDY NOTES, 8 FEB

Global Currency Reset Judy Note: What We Think We Know as of Thurs. 8 Feb. 2024:

It has begun. The Chinese Elders have released Dubai 1 Funds into Paymaster Accounts for Tier 1 (countries internationally) that were now liquid and being paid out.
Dubai 2 funds for Tiers 2,3,4a (Groups) were released on Sun. 4 Feb. and would be liquid on Fri. 9 Feb.
Dubai 3 funds for Tier 4b (Us, the Internet Group) were released on Wed. 7 Feb. and would be liquid by at least Sat. 10 Feb.
Sat. 10 Feb. was the beginning of the Chinese New Year when BRICS countries would be informed of their new currency rates and Tier4b funds deposited on Wed.7 Feb. would be liquid in Paymaster Accounts.
Wed. 8 Feb. Texas Snake: “My Banker has remained on the West Coast due to his wife’s health condition but assures me he is in contact with Reno and will advise me as soon as he get his notifications which should occur just before the emails and 800 numbers are posted. Says all remains positive.”
Mon. 6 Feb. Wolverine: “I just received news from my contact and he was expecting the call today but he said that everything is lined up for Wed. 7 Feb. We just have to wait for a couple of days. Just for your tranquility let me tell you that this is real as it is happening and the paymaster cannot hold on to that money any longer as it’s not their money as it belongs to the people. It is definitely going to be a beautiful week. Please have faith.” Blessings, Wolverine.