Iraqi Dinar✅Iraqi Dinar On Trade Bank Today Massive Update / Iraqi Dinar...

"THERE IS A LOT OF TALK ABOUT THE LOWER DENOMINATIONS IN MANY IRAQI BANKS" BY MARKZ & WALKINGSTICK, 7 MARCH

 MARKZ

 There is also a lot of talk again about lower denominations in many Iraqi banks. They are using cut sheets with samples of etc. from LD... 

I'm trying to find someone there to send us a photo of these cut sheets... (sample sheets with lower denominations) I would love to see an official CBI sheet.

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 Walkingstick 

 [Iraqi Bank Friend called #1 Update - He owns 7 banks, 2 in Jordan] 

 About two weeks ago  we told you IOO the banks of Iraq were going to be receiving sample sheets/specimens. 

 They were very very precise pictures of the lower notes.  It turns out #1 has them. ..They started to practice and use them but they needed more help so they requested. 

 You will see this request on the CBI website probably within this week where they are requesting help with the security features in the small notes that they are practicing counting, sorting and training right now ..

.The new software will be with them and the banks within this week.

https://dinarevaluation.blogspot.com/2024/03/iraqi-bank-friend-bank-story-by.html  

An Analytical View Of The International Monetary Fund Regarding The Government And Central Bank’s Actions To Recover The Iraqi Economy, 7 MARCH

 An Analytical View Of The International Monetary Fund Regarding The Government And Central Bank’s Actions To Recover The Iraqi Economy

Samir Al-Nusairi In light of the assessment by the experts of the International Monetary Fund mission of the measures taken by the government and the Central Bank, which contributed to preserving the transition of the Iraqi economy from a state of fragility to a gradual recovery during the second half of 2023, as it became clear that “growth in the non-oil sector rose strongly in the year 2023 by 6%.” % of the gross domestic product, with inflation declining to 4% after it was 7.5% at the beginning of the year.

This comes due to the Central Bank’s measures to control the general level of prices and reduce inflation, which is the most prominent monetary policy task that has been achieved, which is the lowest inflation rates achieved for the year 2023 in regional and Arab countries. It was achieved due to the efforts made in organizing the financing of foreign trade and cooperation with the government in securing basic foodstuffs and providing... Ration card materials at subsidized prices.

The occurrence of these developments is due to the stability of the foreign exchange market and the safety and transparency of 95% of foreign transfers to traders and importers via the electronic platform and at the official rate, in addition to opening direct dealings with up to 30 foreign and Arab correspondent banks and opening dealings in the local currencies of countries with which Iraq has important trade exchanges, such as China, Turkey and the Emirates. And India.

After some interruptions following the implementation of new anti-money laundering and counter-terrorism financing controls on cross-border payments in November 2022, improved compliance with the new system and CBI initiatives to reduce transaction processing times led to a recovery in trade finance in the second half of 2023. .

The IMF welcomed "the initial steps taken towards establishing the Treasury Single Account (TSA), which is a critical tool for improving cash liquidity management." It is necessary to point out here the “efforts made by the Central Bank aimed at getting rid of surplus liquidity. The Central Bank increased the interest rate on monetary policy tools and raised mandatory reserve requirements. It also began issuing treasury bills with a maturity of 14 days last summer.”

Therefore, the Fund called for supporting the existing efforts of the Central Bank by consolidating unused government deposits in the unified treasury account, refraining from pro-cyclical financial policy, reducing dependence on monetary financing, and improving public debt management, and from an insightful view of the International Monetary Fund, it confirms However, the steps taken by the government and the Central Bank to accelerate the digital transformation of the economy, reduce dependence on cash and enhance financial inclusion, which supports the plans to launch a financial inclusion strategy.

Official statistics indicate that 558 government agencies deployed electronic payment tools in 2023, compared to 12 government agencies in 2022. The number of employee salary localization cards reached 8,653,000 cards, the number of issued cards was 17,822,310 cards, and the value of the use of electronic payment tools in 2023 amounted to approximately 12 million dollars through 32,842 transactions.   Views 76 03/07/2024 - https://economy-news.net/content.php?id=41207 

"CHINA IS WITHDRAWING FROM THE US STOCK MARKET" BY GOLDILOCKS, 7 MARCH

GOLDILOCKS

China is withdrawing from the US Stock Market by way of US dollar to Yuan trades on Forex. The Yuan will no longer be able to buy US Dollars on Forex.

If you look closely, the Depository Trust Company will be closing these trades on March the 8th, 2024.

Are they about to back their currency by gold? If not, will their gold token become more accessible in the world of trade? Either way, you can expect a major shift like this to have a backup plan.

© Goldilocks

💥IMF & World Bank IRAQ is in the Process of Adding Value to their Curren...

Coffee with MarkZ. 03/07/2024

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: Good morning MODS and MarkZ. Let's have a blessed and wonderful day.

Member: Any RV news today???

Member:  Hi Mark, wondering if your bond folks are still under NDA, could you please tell us if there’s any news from them?

MZ: I am not getting any news from the bond folks….the ones that still will talk- all they say is they are still waiting to receive their 1%.  Then they expect to be under an NDA and quiet. 

MZ: It’s been crazy quiet overnight ….I feel like it’s the calm before the storm. 

Member:  Bond folks waiting on 1 percent , and been waiting , and been waiting !! They must be beyond frustrated by now. 

Member: Nadir said that Iraq is limiting withdrawals from accounts

Member: MilitiaMan also had a good video last night. 

MZ: MM did a good reminder video about the gold Iraq has in ground …their reserves and deposits and what reserves we have here in the states. Definently worth the watch….be sure to go listen and like and share. 

Member: I wouldn’t expect anything good to happen until the USD collapses

MZ: When we talk about moving to an asset backed currency…some say we ccan’t because the USD is not worth anything. But if you look at our in ground resources – Iraqs are plentiful and the US is plentiful.  The US has some of the largest oil reserves in the world. Plus gold and rare earth minerals.  I am just poining out that we have more abundance then scarcity.

Member: Yes we have great assets…just poor and corrupt management of those resources…..makes me sad. 

Member: I heard Iraq joins the WTO in the third week of March. I wonder if we need them to do this before they RV?   Any word on the Pengo?

MZ: I have not heard a thing on the Pengo. But there is a lot of chatter inside Iraq and the WTO for the middle to the end of March.

Member: March 24, 1991, Kwait RV, I hope we don't have to wait till the end of the month.

Member: Ramadan 1991 started Mar 17th, kuwait rv was on Mar 24th but prep started earlier

MZ:  There is also a lot of chatter again about the lower denominations at many Iraqi banking locations.  They are using cut sheets with samples of the LD’s ect….I am trying to find someone over there to send a picture of these cut sheets to us…. (sample sheets with  Lower denoms on it)  I would love to see an official sheet from the CBI. 

MZ: “BRICS revolutionizes the payment system with crypto and blockchain. “  They have already started settling things using  blockchain  instead of  SWIFT. Its more efficiant….more accessible and no one can sanction it. 

MZ: Heres another article on this.” Ruble digital ready to launch next year!  This is Russia’s Central Bank Plan”  They are backing their digital currency with something. Not just a electronid fiat currency like the Fed Reserves is presenting. But the Russian preliminary trial on this has gone extremely well. They want it to be in full use sometime next year. 

Member: Vietnam has a really low rate and they are in the WTO. Does Iraq have to change the value to be in it?

MZ: Yes. And Vietnam is under pressure as well to change the value of their currency. The US has considered putting them on the sanction list for manipulating their currency. Iraq has been very up front and they have made it very clear they want to be the most valuable currency in the world again. …like they were in the past. 

MZ: Surprisingly Vietnam was one of the most powerful currencies in the world before the Vietnam war…..when the US went in and reduced the value of the VND. 

Member: There is a pattern between Iraq and Vietnam…..Both times we invaded and screwed with their resources……no wonder they are close trading partners….They are both victims of the US and IMF…..imo 

Member: I wonder -Is there really a private side of forex that the IQD is currently trading on? Lots of people say there is no such thing?????

Member: Mark did you hear Dallas on PPN talk about the crazy high RV rates?

MZ: We continue to hear rumors of much higher rates. I will believe it when I see it. 

Member: I keep wondering what is the reset/RV delay…What is holding everything up???

Member:  Would make sense to go right before Ramadan. Although, nothing ever pans out. Very frustrating.

Member: The Central Bank of Iraq plays a crucial role in determining the exchange rate and value of the Iraqi Dinar. 

Member: Lets hope they actually do it this month……wishing, Hoping and Praying our time is finally here.

Member: Will Iraqi finally just give the middle finger to the USA and revalue for their people?

Member: Iraq going solo will cause a lot of double dipping!

Member: If Iraq does go alone…..I would bet that the rest of the world follows close behind. 

Member: Hope everyone has a good day……see you all tonight. 

Member: Mark, if there’s nothing going on take the night off and spend it with your family!

Member: The best is yet to come. 

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

Iraqi Central Bank Flags Financial Fraud by Unlicensed Exchange Firms in Car Deals, 7 MARCH

Iraqi Central Bank Flags Financial Fraud by Unlicensed Exchange Firms in Car Deals

The Iraqi Central Bank issued a stern warning on Thursday, cautioning the public about financial fraud perpetrated by unlicensed exchange companies. These entities have been deceiving citizens with promises of facilitating car purchases on their behalf, as per a statement from the bank's media office reported by the Iraqi News Agency (INA).

Uncovering the Scam

The Central Bank's alert comes in response to increasing reports of financial scams involving several exchange companies not authorized by the bank. These companies have been exploiting the trust of unsuspecting citizens, offering to manage transactions for the purchase of vehicles. The bank's statement emphasizes the importance of dealing only with licensed entities to avoid falling victim to such fraudulent schemes.

Public Reaction and Response

The announcement has sparked concern among the Iraqi public, many of whom have already been affected by these scams. In light of this, the Central Bank of Iraq is taking steps to inform and educate the public on the risks associated with engaging with unlicensed financial entities. Efforts are underway to enhance the regulatory framework to prevent such fraudulent activities in the future and to ensure the financial safety of the citizens.

Looking Forward

This incident highlights the broader challenges facing Iraq's financial system, including the need for stronger oversight and consumer protection measures. As the Central Bank continues to investigate and take action against these unlicensed exchange companies, it underscores the critical importance of vigilance and due diligence among consumers when conducting financial transactions. This situation serves as a reminder of the ever-present risks in the financial sector and the ongoing efforts required to safeguard the public's interests.

https://bnnbreaking.com/finance-nav/iraqi-central-bank-flags-financial-fraud-by-unlicensed-exchange-firms-in-car-deals