Thursday, February 29, 2024

ExxonMobil is Leaving Iraq Here's Why #iqd Rate BY SANDY INGRAM

The Central Bank Announces The Start Of Establishing The National Company For Electronic Payment Systems, 29 FEB

 The Central Bank Announces The Start Of Establishing The National Company For Electronic Payment Systems

 Hawraa.m     Today, Wednesday, the Central Bank announced the start of establishing the National Company for Electronic Payment Systems, while confirming the increase in the  volume of deposits in the banking sector to 131 trillion dinars and the     volume of foreign reserves to 148 trillion dinars.

 Deputy Governor of the Central Bank, Ammar Khalaf, said in his speech during the opening of the eighth annual exhibition and conference for finance and banking services in Iraq, followed by (Al-Oula News):

 “Many challenges that Iraq experienced in the past year and the Central Bank faced them with high responsibility, as it was able through monetary policy tools.”

The various decisions and the right decisions will  achieve its goals set forth in its law, in addition to     achieving the general level of prices through a decrease in the inflation rate, as since the beginning of 2023 the inflation rate has reached 7.5 percent and decreased at the end of the year 2023 to 4 percent.”

He pointed out,  “activating monetary policy tools and raising the price from 4 percent to 7.5 percent, in addition to  issuing various financial tools, including bank transfers and Islamic certificates of deposit instruments,  which were considered an investment opportunity for Islamic and commercial banks operating in Iraq, in addition to   using monetary policy tools.”

 Various, including raising the mandatory reserve ratio from 15 percent to 18 percent,” indicating that  “these tools are intended to manage excess liquidity in the Iraqi economy.”

 He pointed out that  “last year witnessed clear growth in most monetary changes, including an  increase in the volume of deposits in the banking sector from 129 trillion dinars in 2022 to 131 trillion dinars in 2023, as well as an  increase in private sector deposits in the banking system from 54 trillion dinars to 55 and a half trillion dinars.”

 In addition to an   increase in the volume of credit in the banking sector from 60 trillion to 69 trillion in 2023, in addition to an   increase in credit to the private sector from 35 to 40 trillion dinars, in addition to an   increase in the volume of foreign reserves from 140 to 148 trillion dinars.”

He continued,   “The efforts led by the Central Bank of Iraq in cooperation with the government, especially with regard to expanding the use of electronic payment tools, as there was a clear rise and growth in electronic payment tools in Iraq, as the number of POS points of sale increased from 10,000 devices per year.” 2022 to more than 20 thousand machines in 2023. The number of ATM machines also increased from 2,223 machines in 2022 to about 3 thousand machines in 2023.

As for the number of  electronic cards of various types, it reached about 16 million cards in 2022 and 18 million cards. In the year 2023,” noting that

“last year witnessed great cooperation between the government and the Central Bank, especially with regard to enhancing confidence in the national currency through the various decisions issued by the Council of Ministers and the Central Bank.”

 He explained,   “There is less use of foreign currency in daily transactions, in contrast,  there is increased reliance on the national currency for local transactions,

in addition to there being cooperation in the issue of  restructuring government banks and      developing private banking institutions to build sound and sound banking institutions.” He stressed,

 “The Central Bank of Iraq is focusing on the importance of enhancing compliance with compliance standards for all financial institutions in accordance with local and international standards,” pointing out that  “external transfer operations witnessed great discipline during the past year and a

 high response from all banks to facilitate trade financing operations and various external transfers.” Especially after the issuance of external transfer controls at the beginning of last year.”

He added,   “The Central Bank of Iraq was able  to strengthen its banking relations with a large number of Arab and foreign financial and banking institutions   to open wider areas and ensure a high flow of external transfers, especially the use of different channels for external transfers in different currencies other than the dollar or next to the US dollar.”

He pointed out,  “The Central Bank seeks to strengthen banks by increasing the capital of all banks from 250 to 400 billion dinars,” noting that

“One of the most important projects launched by the Central Bank last year and work on it is still ongoing this year is the establishment of a “bank.” “Riyadah” which will be specialized in providing financing for small and medium enterprises, as well as preparing a national strategy for bank lending due to the

     importance of the Iraqi economic depth and financial development and the

     importance of the role of financing in enhancing production and investment opportunities in Iraq,

 in addition to enhancing the role of non-banking financial institutions that support financial and banking stability in Iraq. “By strengthening the role of the Deposit Guarantee Company as well as the Loan Guarantee Company,

in addition to starting to establish the National Company for Electronic Payment Systems, which it is hoped will have a major role in regulating electronic payment operations in Iraq.”

https://www.awla.news/البنك-المركزي-يعلن-البدء-بتأسيس-الشرك/


JUDY NOTE, 29 FEB

Judy Note

A High Up Contact and other valid sources have indicated that the Cabal capitulated on Thurs. 22 Feb, followed by Trump releasing the final phase of The Plan (mass arrests?), which was now in motion. 

If things went as expected we may have a three day celebration beginning around  Thurs. 29 Feb. RV rates have been agreed upon with a goal for the RV to happen by Fri. 1 March. It was now my personal opinion that Tier4b (Us, the Internet Group) would receive notification for our redemption and exchange appointments around Thurs. 29 Feb. or Fri. 1 March and begin appointments during the Ten Days of Darkness/ Exposure – which appeared slated to occur around Sun. 3 March through Wed. 13 March 2024.”

Is the Iraqi dinar a good investment 03/01/24 by PIMPY

A Specialist Explains In Numbers The "Cash Liquidity" Crisis That Caused A Delay In The Disbursement Of Salaries, 29 feb

 A Specialist Explains In Numbers The "Cash Liquidity" Crisis That Caused A Delay In The Disbursement Of Salaries

Economy |Yesterday, 19:05 |Baghdad today – Baghdad   Today, Wednesday (February 28, 2024), financial affairs expert Nabil Jabbar Al-Tamimi revealed details of the “cash liquidity” crisis that Iraq is going through, which led to a delay in the release of employee salaries.

Al-Tamimi told "Baghdad Today", "There is a real crisis in cash liquidity, and the Iraqi Ministry of Finance brings money to pay salaries through the Central Bank of Iraq, and the bank brings this money by making transfers (selling dollars)."

He stated,   “There is a limited possibility for the Central Bank of Iraq to make transfers and sell dollars due to American censorship, and  the bank sells approximately (200) million dollars a day, and  this process takes place in a month for approximately (22) days only, meaning it sells approximately (4) billion dollars a month.”  

A dollar per month compared to the exchange rate is (5) trillion Iraqi dinars  per year, which is approximately (65) trillion Iraqi dinars, and  this number is only the volume of sales of the Central Bank of Iraq.”

He added,  "In contrast, Iraq's budget exceeds (200) trillion dinars, and  for this reason there is a crisis in the issue of cash liquidity, and the delay in releasing employee salaries during the past months,  but this crisis is not very severe, and it is not an economic or financial crisis,  but there is a faltering in... Finance is what creates the crisis despite the financial abundance of the dollar, and this is why the Iraqi government is turning to electronic payment so that the process of printing more Iraqi currency does not take place.”

On February 25, the Ministry of Finance denied the lack of sufficient cash liquidity to secure the salaries of state employees and confirmed in a statement,

“Securing the salaries of employees, the social protection network, and the salaries of retirees without delay or delay through its retained cash balances for the previous year and its oil and non-oil revenues.”

 https://baghdadtoday.news/243714-مختص-يوضح-بالأرقام-ازمة-السيولة-النقدية-التي-تسببت-بتأخير-صرف-الرواتب.html


Coffee with MarkZ. 02/29/2024

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

Member: Happy Leap Day

Member: Good morning to all of you. "May the Journey begin"

Member:  We need some great news today!

MZ: I am expecting bond updates throughout the day today as to what they are being told . They were told to expect an update on Tuesday from 3 different parts of the world…so I am hopeful to have an update for you all this evening. 

Member:  Isaac said he's expecting his 1% anytime from today through Tuesday

Member: Mark what do you think of the rumor it could happen tomorrow?

MZ: I’m going to leave it as rumor for now. But it could happen in 3 minutes…or 2 days……we just don’t know the timing. But rumors are non-stop running hard. 

Member:  Well, Nader says they are in the WTO so let’s see how fast Iraq puts out their rate!!

Member: Doesn't Iraq have to have a currency value to join the WTO ?

Member:  Major question: Did the WTO accept Iraq's membership at 1310???

Member: I think if Iraq was in the WTO- we would know it…..if we are trying to guess…..I believe they are not in yet.

MZ: I hear they are not yet in. waiting for an announcement.  

Member: How are we going to handle the 3 day celebration Iraq wants after the announcement? 

MZ: Kuwait had a 10 day lag before the world found out….If Iraq wants a 3 day celebration to go quiet …well we will deal with it. We will have a good idea its already happened and then we will do our thing….We could deal with that. I’m ok with that….They deserve it. 

MZ: If Iraq wants 3 days between a rate change before announcing it….I don’t think they will be able to keep the cat in the bag…..the genii in the bottle or Pandora in the box. 

Member: Three days is nothing compared to how long we have waited already

Member:  they absolutely deserve to celebrate

Member: So, what's the holdup on the RV?

Member: That is the million dollar question. 

Member: I think Iraq is a barometer, but IMO the fiat here has to crash first & I believe that they are being held back by the CBI

Member:  I know people want to punch me in the face when I say this but I see them wanting to play this thing all the way to the election. God I hope I'm wrong!!

Member: unfortunately, I have been suspecting the same thing

Member:  I think what bugs me the most is if we are going another 9 months then why are they making Iraq look like they are ready to RV? I wish they would!!!!

MZ: “Country Garden liquidation petition adds to China’s property woes”  Roughly a quarter of their GDP is the property market which has been crashing. This is coming on the heels of the Evergrande liquidation.  Watch this one….China is struggling and could all collapse like a house of cards. 

Member: A lot of pension funds are invested in commercial property here and Chinese banks as well . Yes the world has major problems .

Member:  Chase has been building "small" bank locations all around the country. They took over several empty buildings in KC,MO/KS metro and built several. Most say Chase and JP Morgan Wealth

Member: I really wish I could just download everything into my brain and know exactly what is happening everywhere.

Member: It’s hard to know what’s true . We live in a world of lies…run by liars…..makes me so sad. 

Member:  I am ready to rock and roll.. Let's GO RV!!!

Member:  See you all tonight. Have a blessed day

Zester joins the stream today. Please listen to the replay for his information and opinions. He will be doing a podcast right after Mark’s podcast today. 

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

"THE RATES ARE EVEN HIGHER AT REDEMPTION CENTER" BY HERNAN R BRAVO ( ENGLISH & SPANISH), 29 FEB

Wednesday February 28, 2024

Hernán: He says

— I'm sure we'll ALL be happy as long as we move forward. Oh, and the rates are even higher at CR (Redemption Center) and they also say that only CR are the only ones redeeming ZIM and that once CR closes, it might also be possible to exchange Zim at WELLS FARGO BANK.

So keep that in mind.

Greetings

SAN ⭐️

Hernán Robert Hbravo

---

TRANSLATION SPANISH

 Miércoles 28 Febrero 2024

Hernán: Dice
— Estoy seguro de que TODOS seremos felices mientras sigamos adelante. Ah, y las tasas son aún más altas en CR ( Centro de Redención)y también dicen que solo CR son los únicos que canjean ZIM y que una vez que CR cierre, también podría ser posible intercambiar Zim en WELLS FARGO BANK.
Así que tenlo en cuenta.
Saludos
SAN ⭐️
Hernán Robert Hbravo

Al-Sudani visits London in the middle of next month to discuss bilateral relations and attract British investments, 23 DEC

Al-Sudani visits London in the middle of next month to discuss bilateral relations and attract British investments 12/22/2024  Baghdad - Eco...