BANK STORY LADY: I've been banking with them for about a year...A few months ago I was talking to my contact and I was telling her about the exchange and asked if she had heard anything.
She hadn't and they probably weren't going to deal with it at all.
She even asked her higher-ups and they didn't say a thing.
She said she had a list of people to call and if she heard anything she would be in touch. Over the last few months I've kind of given up on it...
I had a talk with her the other day and she said, 'I'm so glad you called. We just underwent training for the exchange.'
It will be influential.” Iraq completes its preparations to join the World Trade Organization
Today, Tuesday (February 27, 2024), the BNN network, which specializes in economic affairs, revealed that the Iraqi government has completed the requirements for joining the World Trade Organization after its internal economic and trade conditions “improved,” in addition to improved investment conditions.
The network said, according to what Baghdad Today translated, that Iraq has completed all preparations within the timetable set for it by the organization to integrate its commercial operations with its businesses around the world, stressing that Iraq is now able to enter the global trade market through the organization on a large scale.
It is noteworthy that Iraq submitted an application to enter the organization in 2004, and the application remained pending until the conditions for entry into the international organization were met, which have now ended.
The network says that Iraq "will return to becoming an influential member in terms of international trade and economics through the role it enjoys geographically and economically among the countries of the organization." link
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 Evening Mark and mods….Really hope Iraq gets the RV done before Ramadan on March 10th…..the clock is ticking.
Member: Is Sheila joining us tonight (CMKX and Currency source)
MZ: She will be joining us Friday with Mr. C. Expect Friday Mornings podcast to be a long one…we will get into prosperity packages, CMKX , Farm Claims and much of what is going on with currencies …what is being heard in other countries. This podcast ought to be a humdinger.
Member: What about your bank contact that said February should definitely your month for it to go ?
Member: Just a few days left……git er done!!!!!
MZ: Its quiet on the RV so far this evening from what I consider tangible on the RV news front…….Bankers still believe we are in that “any moment “ window with sooner rather than later.
MZ: We heard from members today that were reached out to by banks who know they have currency – they were suddenly reached out to to set up appointments with wealth managers……Maybe banks are jumping the gun a little getting people prepped and ready because they don’t want to lose the business… We still have some banks that flat out deny knowing anything and some that openly have conversations about it.
MZ: “Brazil to host meeting of BRICS finance ministers and Central Bank heads” This is going on as we speak in Brazil. BRICS continues to move along grabbing a larger and larger share of the worlds GDP.
Member: Guru Mnt Goat (From Dinar Guru) …Iraq is finally breaking the news all about the Project to Delete the Zeros. This is fantastic news but just news for now. The actual execution part is coming and I was told by my weekly call to my CBI contact in Iraq on Saturday, that it will be VERY SOON!
MZ: That totally fits with what we heard over the weekend. They are having very open conversations on television, articles…you name it. Plus a committee to help stores and markets reprice goods.
Member: and all the WTO articles coming out about Iraq ascending soon …that is big news.
Member: Mark- what is your guy saying about rates? Other are saying $1.30 in country. Do you think they will RV on March 1st per rumors?
MZ: TO me $1.30 doesn’t make a whole lot of sense. Would it work for them- yes . They have been very blunt with their people and even Sadr said they were going to restore the dinar to its former glory. And $1.30 is about a third of what it used to be .. I would be ok with $1.30….but I expect higher.
Member: $3.22 was what it was at….adjusted for inflation should be $4.81…
Member: So will Iraq go alone or do you still believe it will all go at once?
MZ: I still believe it will all go at once
Member: If it all goes at once –it defeats the nonsense about double dipping
MZ: It would solve a lot of the problems by going all at once.
Member: If Iraq is not part of the WTO- why isn’t the dinar on forex?
MZ: Iraq is not yet part of the WTO. They have been approved and all their tasks have been completed for ascension but are waiting for an announcement.
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
Coffee with MarkZ 02/28/2024
Member: Great morning Markz, Mods, and everyone!
Member: MilitiaMan and crew are on fire this week.
MZ: Yes they have been following all the back and forth articles on the World Trade Organization and Iraq Ascension…….
Member: Mark, MM, and Nadar are showing us EPOCH events that the MSM won't talk about. Thank You for bringing us the Real News Mark!
MZ: Nader dropped a couple. One is on banking and financial services and training people outside the country so that they understand how modern banking works. The other is about the first stages of going to a “Managed floating system of currency” In other words going away from the US peg. AKA a rate change……Be sure to like and support MM and Nader….go watch their videos.
MZ: This is an article I have been waiting for. “ Iraq and Lebanon face long wait to join WTO” We have been expecting this as we have had such positive articles and comments coming out of the WTO and deleting the zeros, and a rate change…..that this is necessary to have some stories like this to cloud the timing. Don’t panic. We have been waiting for this.
Member: Are we honestly days away or is it weeks or months away?
MZ: We don’t know. They cloud the timing on purpose. We suspect days….but it could be longer…
Member: I wonder if it this painstakingly long and painful when Kuwait revalued???
Member: Noone knew about Kuwait until after the fact……so probably not.
Member: Iraq committee APPROVED the 2024 Budget yesterday.. Don’t they need a rate to fulfill it?
Member: so, 25k is going to be $25.00 × 3.00 =75.00? I guess we wont be buying a new car lol
Member: Mark can you explain how it would work say if I had 2 million dinar. Is it delete 3 zeros which leaves me with 200 thousand ? then multiply say $1 or whatever they change the rate to?
MZ: Is it delete 3 zeros which leaves me with 200 thousand ? NO……then multiply say $1 or whatever they change the rate to? NO. Lets do simple math. If they change to a dollar from their current rate. If you have 2 million dinar- you would have 2 million US dollars. The math is simple. I know it’s confusing with others throwing out all kinds of different formulas.
Member: 3 zeros = increasing rate by 3 decimal points...if/when that is done the currency is worth a whole lot more and nobody is going to want to carry around multiple 25,000 notes, its way to much.
Member: I wish people would just get over the 3 zero thing. It will not affect the amount of Dinar you hold. They are just removing the big bills off the street.
Member: When shabibi explained the delete the three zeros it meant deleting the three zero notes as they where turned in!!!
Member: I am of the belief if they reinstate to pre-war rate….it will be at $3.22
MZ: I am of that belief as well. I think that is their minimum.
Member: Do you expect the street rate to come in higher then float down or do you think it will fluctuate before going to 1 to 1?
MZ: I do not expect a wild or crazy float. It is not good for their money if it swings wildly. But to me it’s looking like it may be one BAM then done for a rate change.
Member: I talked to a banker yesterday, they assured me everything we are talking about is true. Was very reassuring.
Member: Mark Do you believe state income taxes will be eliminated? Along with no income taxes on our exchange?
MZ: Yes I do. Going to a national sales tax just makes sense.
Member: Oklahoma has done away with grocery taxes effective in August
Member: Indiana will have the state tax removal up for vote this year
Member: I saw that the Pope is rushed to the hospital today
Member: March 17th Iraq lost their sovereignty their anniversary is coming up. Maybe it will happen this coming March the 17th,
Member: Well, Ramadan starts Mar 10th…so maybe it needs to happen before that?
Member: Ramadan starts starts March 10 and ends April 19.
Member: I wonder if the RV would happen, and then Nesara would be slow walked using the shift of wealth to educate?
Member: Prayers for all in need and those affected by the fires in Texas.
Member: Everyone enjoy your day…..see you all tonight
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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.
What is the impact of Iraq's joining the BRICS group?
Former member of the Foreign Relations Committee in the House of Representatives, Khaled Al-Assadi, confirmed on Tuesday that the Sudanese government’s request to join the BRICS economic group is an extremely important step to organize the relationship with the Russian side politically, economically and security-wise, noting that Russia announced its support for the Iraqi request.
Al-Asadi told Al-Maalouma, “The Iraqi government’s request to join the BRICS economic group is an extremely important step for the Sudanese government to diversify its relations with various countries of the world, especially Russia and the countries organizing the group.”
He added, "Iraq will actually participate in the group's meetings until it gains full membership after completing the membership requirements procedures," noting that "Russia announced its support for the Iraqi request."
The Russian ambassador to Baghdad, Elbrus Kutrashev, affirmed Russia's position in support of Iraq's accession to the BRICS economic group, expressing Russia's readiness to generously assist Iraq if it joins the group. link
FOR THE FIRST TIME IN 20 YEARS.. IRAQ PARTICIPATES IN THE MINISTERIAL CONFERENCE OF THE WORLD TRADE ORGANIZATION
On Sunday, the Ministry of Commerce participated for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is being held in the capital, Abu Dhabi.
Minister Atheer Al-Ghurairi said in a speech during his participation in the preparatory meeting of Arab trade and economic ministers within the Arab group for the thirteenth Ministerial Conference of the World Trade Organization, followed by Al-Iqtisad News, that “Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is held in… The capital, Abu Dhabi,” pointing to “the completion of the requirements for Iraq’s accession to the organization, which is the completion of the files of trade in goods and trade in services within the timetable for joining the global multilateral trading system.”
The Minister offered congratulations to “the State of the Comoros and East Timor on obtaining membership in the World Trade Organization.”