Tuesday, March 12, 2024
Evening News with MarkZ. 03/12/2024
"RECENT IRAQ NEWS ABOUT THE DESIRE OF RISE THEIR IQD RATE" BY GOLDILOCKS, 12 MARCH
GOLDILOCKS
"The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity."
This decision is currently shrouded in political conflict, this is seen as a move to gain popularity by many in the region of Iraq.
Although this is going to be a reality due to many of the changes in their monetary policies, there are those who still do not want any changes to Iraq's currency.
The important thing to note in this article is that a rate is being considered. It is also needed due to more countries getting involved in their economy that will require them to raise their current Dinar rate to level the playing field in trade.
If you look closer at the numbers written into this article, you will notice that the first move on the Dinar would be to drop the three zeros. It makes things very clear what they mean by such a change in their rate.
Meanwhile, Iraq has agreed to implement their economic reforms this year. They are working with the IMF in this process.
© Goldilocks
https://www.jpost.com/middle-east/article-791161
Will American forces leave Iraq through negotiation? , 12 MARCH
Will American forces leave Iraq through negotiation?
The head of the organizing body of the Belt and Road Popular Movement, Hussein Al-Karaawi, on Tuesday ruled out the exit of the American occupation from Iraq through the ongoing negotiations between Baghdad and Washington, to end the military presence of the forces of the so-called international coalition.
Al-Karaawi told Al-Maalouma, “Historical facts with the American side confirm that its military forces will not leave Iraq through peaceful and diplomatic means, as their exit from the country in 2011 was preceded by successive strikes and major jihadist work by the Islamic resistance factions to ensure their expulsion from the country.”
He added, "America seeks through many ways to remain militarily inside Iraq, despite the presence of ongoing negotiations between the federal government and the American side regarding military withdrawal from Iraqi territory."
He stated that "Iraq has the ability and potential to protect and secure its lands and preserve them from any risks that may be exposed to them, and it also has the potential to secure the path to development and other economic projects without the need for the presence of any foreign military." link
"STATUS OF THE RV" BY MNT GOAT, 12 MARCH
STATUS OF THE RV
Spring is just a week away and with it comes renewal and refresh. Soon follows the warmer weather and hazy, lazy days of summer…..
I am having a hard time composing the status of the RV today and want desperately to bring you some more good news, but nothing has really changed much since my last couple Newsletters. At that time, as all the news was telling us, the CBI and the Finance Committee of the GOI were discussing how the Project to Delete the Zeros and change-out of the currency would work. Many still remember the change-out from the Saddam notes in 2004. It will be a similar process. So, from this news we know that they are ready to go with this next step of the process.
This Saturday I had my normal call to my CBI contact in Iraq and was told they too are waiting for the signal to go ahead with the Project to Delete the Zeros. This is the next step. Everything from the Iraqi side has ben cleared but the US Treasury has not yet given their assurance of the reinstatement once the process moves to the next step. The CBI now wants this in writing and a formal document stating the approvals. They are waiting for this to come.
Already we know that what has been accomplished in the de-dollarization process is hard to undo at that point and would only lead to more mistrust of the government and the CBI banking system if they decided to turn back. So, there is no turning back and they must move ahead. But when? What is holding it up?
Don’t be discouraged, the currency reform and banking process has come a very long way in a short period of time since January 2023 compared to waiting since 2011, when the plan originated with the IMF on how to turn the currency back on. So we went 11 years with not much progress then suddenly a huge jump which tells us something is up. This alone is all telling. We must take this solid evidence and use it, not some stupid rumors.
So, my contact in the CBI could NOT answer these questions either, when I asked it. I was told it is now a “political” issue with the Biden administration in the USA. This did not surprise me a bit but to hear it from my contact in Iraq but did surprise me since even now they too recognize political games are getting in the way of Iraqi monetary sovereignty. There is a very good article in today’s news that might sum up what my CBI contact was talking about. I quote from the article – “ The head of the organizing body of the Belt and Road Popular Movement, Hussein Al-Karaawi, warned of European-American attempts to drag Iraq through economic projects towards normalization with the Zionist entity, and the implementation of a new plan in the region.”.
To me this tells a tail of western manipulation of the Iraqi economy and pressure not to let them make their own decision on how to run their own country. If you go to the articles section you can read my further comments on this issue. It is under the article title – “AL-KARAAWI WARNS OF ECONOMIC PROJECTS THAT WILL DRAG IRAQ TOWARDS NORMALIZATION”. But I ask who’s version of normalization? Will Iraq succumb to the globalist One World Government bullshit empire or will they truly be able to regain their true identity as a FREE nation? They see it too and how the WEF and the UN are attempting to manipulate countries. They are not dumb. This I believe is the struggle that is ongoing between the west (US and UK) and Iraq and very possibly the issue as to why we have not yet seen what we are being told to expect and the delay. I can’t give you all the details as I do not know them and will not lie to you or make something up. But I can smell something really fishy and it stinks!
So, the RV has not yet happened. As 2024 progresses we are seeing more and more exposure of the USA corruption. This all goes hand in hand with what is happening in Iraq. The parallels are amazing. God’s Hand is at work! I will leave it up to you to decide on your own as to what is holding this progress of currency reform and this next step. I don’t want to put out any lies and my goal is just to bring you the TRUTH and FACTS, then you decide and make your own opinions.
But when you do make your own OPINION, please, please do it on FACTS and not some intel guru rumors. Here are some facts once again to consider. Yes, I will keep reiterating these FACTS because FACTS are FACTS and they are reality. If Iraq is to progress, as they say is their goal, they will need a globally recognized and traded currency once again and get it VERY SOON!
- We know they are completely out of Chapter VII sanctions since December 2022, and so why not treat them as such?
- We know they want the Iraq funds (nearly USD 115+ billion) released from the NY banks and put in their custody to do what they want with it. They are tired of being bullied by the U.S. with their own money.
- We know they have plans for yet more Sovereign Funds to invest their reserves.
- We know they are making agreements now for “currency swaps” for trade with Iran, China, Turkey, Kuwait, Emirates, and many EU countries as Iraq will no longer be using any US dollars in Iraq as of January 1st 2024.
- We know that the IMF is now working on the final stages of pulling together agreements to build a new basket of six (6) currencies to re-peg the IQD.
- More pressure from Iraqi economics advisors to the government to use a “basket” of currencies for the new dinar peg. This is the IMF plan of 2011 all along.
- We know since January they have undertaken a massive “de-dollarization” program and told it should have taken 6 years but they decided to do it in 1 year (2023). Why such a hurry?
- We know the value of the IQD right now does exceed even pre-1991 era but still at 1/6 of a penny for a rate? The value won’t go up, its already there. Get it? Why is it being suppressed? Iraq needs to see a rate reflecting the TRUE VALUE. What is holding it back?
- We know Iraq now pumps 2/3 more oil than in pre-1991 era.
- Iraq also has announced 132+ tons of GOLD reserves.
- We know they are pushing this year alone, more than any other year since 2005, for the passing of Oil and Gas law. Why?
- We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why?
- Finally, the CBI has told us many times already that January is the most opportune time to reinstate for accounting purposes, since it begins their new FISCAL year (for accounting purposes).
- Imminent World Trade Organization full accession
- The Central Bank of Iraq is heading to cancel the electronic platform and the currency auction soon.
- Banks will be responsible for financing foreign trade directly through the dollars they own and not from the CBI reserves.
- Banks will be fully responsible for auditing invoices and transfers, which is the practice globally.
Please just be patient! The reinstatement is coming and I firmly believe from what we now already know and are about to witness is the major part of the Banking Reforms that everything else was geared up to support over the past 11 years. Iraq is about to get out of the sanctioned mindset / banking practices and return to common global banking practices of how they will be doing business with the rest of the world.
Remember Speedy Gonzales – nothing is done quickly in Iraq!
"I LIKE SURPRISES... SMILE!!!" BY FRANK26, 12 MARCH
KTFA
FRANK26: "I LIKE SURPRISES... SMILE!!!"..............F26
Chambers of Commerce reveal their expectations for the “parallel market” in Ramadan: decline is the dominant feature
3/11/2024
Baghdad
Today, Monday (March 11, 2024), the head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, revealed his expectations for the dollar exchange rate in parallel markets during the month of Ramadan, while stating that the decline will be the dominant feature.
Al-Tamimi told "Baghdad Today", "The exchange rate of the dollar in the parallel market at the present time is somewhat stable," indicating that "the government's measures have contributed to reducing the phenomenon of dollarization in the markets, pushing towards electronic circulation of funds, and reducing the phenomenon of smuggling."
He added, "Government policies have greatly reduced speculation that was generating billions of dinars to parallel market whales and smuggling," adding, "If it had not been for government intervention, the dollar exchange rate would have been strongly approaching 200,000 dinars for every $100 "
Al-Tamimi pointed out, “Our expectations for the dollar exchange rate in Ramadan indicate a continuation of the slow decline to below 150,000 dinars per 100 dollars,but we are in a situation where crises or surprises could occur that change the course of the exchange rate within hours, but in all cases the decline is The dominant feature of the parallel market.
The Parliamentary Finance Committee confirmed on Wednesday (March 6, 2024) that the dollar is controlled by the relevant government agencies, calling for not taking into account the rumors of losing and corrupt parties.
Committee member Moin Al-Kazemi told “Baghdad Today” that “there are some politically losing parties and personalities who have major suspicions of corruption, working to continue spreading rumors that the government is not in control of the dollar market and the Iraqi dinar is declining , for the purpose of political influence as well as influencing the market.”
Al-Kadhimi added, “The government is currently in complete control of the dollar in all its transactions, and there is real and serious work to strengthen the Iraqi dinar,” stressing that “everyone is required not to take into account the rumors of losing and corrupt parties, as they do not want economic stability, to achieve their suspicious agendas.”
LINK
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