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An economist identifies the "ideal solution" to reduce the dollar difference between the official and the parallel, 15 MARCH

 An economist identifies the "ideal solution" to reduce the dollar difference between the official and the parallel

The economic expert, Bassem Jamil Antoine, identified today, Thursday, the “ideal solution” to reduce the dollar difference between the official and parallel ones.

Antoine told Al-Furat News: “There is clear stability in the dollar exchange rates, and the difference between the parallel and official rates does not decrease easily.”

He stressed "the need to establish quick, firm and convincing measures."
Antoine stated, "Reviving the spirit of support between merchants and citizens and providing goods in the country from the public sector is the ideal solution to reduce the difference between the official and parallel prices."  link'

"BANK STORY" FROM HOLLY'S ROOM, 15 MARCH

 From Holly’s Room: 

Holly:  I wanted to share two bank stories from a friend of mine in my room: 

First bank story, I have been banking at a chase bank here in the Bay Area northern California for 20 years.

When I first started there there was a new clerk, just starting out as a teller….. over the years. I watch him go from teller to accounts of accounts all the way up to manager of the bank……, in the last two years, he has been promoted to be in charge of six banks in the area.

I don’t see him as often as I like to but a few years ago I talk to him about what’s going on…. he didn’t know much about it, but said he’d look into it and we talk later….

I’ve seen him a few times over the years, but they’re able to talk just waving each other as we go by….. two weeks ago I got to talk to him, walked in his office, closed his door and we start talking about things…. as time went on. I start talking to him about the exchange his eyes got real big and asked me about it.

I said yes if I had Currency I said yes and then he asked me if I had Zim I said yes and he goes. Oh OK you’ll be going to special place.

I said OK….

he said when that was over come back here and we’ll talk and I’ll help you out and take care of you, I was really excited about it.

Responding to your good news comments 03/13/24 BY PIMPY

The Battle For The Dollar And Illegal Trade Is Exhausting The Iraqi Market.. What Do Iranian Goods Have To Do With It?, 15 MARCH

The Battle For The Dollar And Illegal Trade Is Exhausting The Iraqi Market.. What Do Iranian Goods Have To Do With It?

Economy |Today, Baghdad today – Baghdad Economist Nabil Al-Marsoumi confirmed today, Friday (March 15, 2024), that eliminating illegal trade is the best way to reduce the gap between the official and parallel rates of the dollar against the dinar.

Al-Marsoumi said in a post on Facebook, “Finally, the Central Bank of Iraq admitted that illegal trade is the reason for the gap between the official and parallel rates of the dollar against the dinar.”

He added, "The solution lies in eliminating this trade and then stopping the import of Iranian goods specifically," stressing that "this is not possible practically or in maintaining this gap, which is what will most likely happen."

The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced on Thursday (March 14, 2024) an understanding with the US Treasury to reconsider the sanctions imposed on Iraqi banks.

Al-Alaq said in a press statement, after being hosted by the Parliamentary Finance Committee, on Thursday, and followed by “Baghdad Today”, that “the process of printing the local currency takes place according to the required financial cover.”

He pointed out that "the instability of the exchange rate is due to the presence of illegal trade carried out by small traders and some speculators."

During the past months, the United States prevented dozens of Iraqi banks from conducting transactions in dollars as part of a comprehensive campaign against transferring the American currency to Iran and other countries subject to sanctions in the Middle East.

The US Treasury - in cooperation with the Central Bank of Iraq - imposed stricter controls on financial transfers in the country in general. As a result, the value of the Iraqi dinar declined against the dollar, and the prices of imported goods rose.   LINK

Coffee with MarkZ and Mr. Cottrell. 03/15/2024

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 mark Mods & Z-Family

Member: Wow- we are at another weekend already. Is this the one?????

Member: Give us some great Friday news mark! All week has been leading up to something!

​​Member: Evidently there were 8 news articles from sudani telling his people that a new rate is basically coming!!!

MZ: I have heard absolutely nothing negative. The wonderful article I shared last night should really have us feeling good. 

Member: My bank sent out an email and said they are doing some major updates before April 15th (RV before then?)

Member: Got a message from my bank saying on the 17th at 1:00 am to 5:00 am there will be no service for all transactions. 

MZ: Over the weekend- especially in Europe the final transition to 9020022(or whatever it is)  goes live. A lot of expectations for massive banking changes over this weekend. My bank even notified me that some services will be down overnight on Sunday. 

MZ: “Fed’s nightmare scenario becomes more likely”  Because of inflation it does not look like there will be a rate cut anytime soon. Perhaps a rate increase coming? But inflation is not going away. 

Member: Rumor is that the Chinese Elders have paid ALL Debts globally at this point in time. So Im resting in comfort...no fear.

Member: FRANK26 got news last night that the citizens were given a rate and a date!!

Member:  Mark does it really matter if Iraq RVs at $1.32? Our rate is going to be very different and much higher than their I. Country rate. Is that correct thinking?

Member: $1 USD / $1.32 IQD = .76 cents USD per IQD

Member: I'm thinking the .76 is actually happening in country they doing it by adjusting commodities

Member:  Mark is our RV going to be taxed?

Member:  Frank 26 thinks we will pay taxes on the RV.

Membeer: Noone knows for sure…..but I kept receipts to prove it’s a long term investment so lower taxes – if any…..

Member: Mark posted this a couple of times….. So no taxes on the exchange???   Read this from the US state Dept, on Iraq:  Go to section 6 Financial Sector:  The last sentence says “There are no taxes or subsidies on purchases or sales of foreign exchange.”   https://www.state.gov/reports/2022-investment-climate-statements/iraq/

MZ: I am still hearing it is untaxed but we don’t know for certain. I have set aside extra currency to cover a tax if there is one. 

Member: Is the US is holding the RV back???

Member: How much dinars does the treasury hold and will it influence the rv happening 

Member: Trump had said the UST holds Billions in IQD…Enough to pay off the national debt and then some. If they would just do it. 

Member: I think I remember hearing they hold 35 Billion IQD? 

Member: So do we just go to the bank or wait for an email?

Member: once the new rate is on the Forex you can call any exchange back and make an appointment. No one needs to contact you.

Member: Recaps, Chronicles, and all the gurus including Mark will also announce it. You will not miss it. 

Member: Easter is Mar 31. Maybe we will see the RV by then and they will open the St. Germaine trust……fingers crossed. 

Member: It's hard for me to be optimistic anymore. We are told good things everyday but nothing really happens.

Member:  Faith is the only thing that will get you through tough times.

Member:  Envision the way You Want the World to Be! We are powerful creators! Very powerful! Let’s bring this in, and start our living our Lives

​​Member: If you are watching the world news of Brics, you know it’s going happen, if you watch what’s happening here, you know it’s happening. Have good day, it’s happening

Mod:  BREAKING NEWS: MarkZ's WEEKEND email address: Don't Write Me@NeverOnWEEKENDS.Com

Mr. Cottrell and CBD Gurus join the street today. Please listen to the replay for their information and opinions. 

"RV UPDATE" BY TEXAS SNAKE, 15 MARCH

 Wed. 13 March Texas Snake

 “Well it is positive about what the CBI has stated will occur either tomorrow Thurs. 14 March or the next day on Fri. 15 March, but based upon the current time I will not have answers until the early morning hours.

 The exchange agents per the banker are all on call to begin emails or phone calls to begin scheduling appointments.”