“The term “redemption center” may be a little off. They are mainly different banks and banking facilities that are set up and will have equipment and trained personnel for exchanging foreign currency .
It may just be a bank branch with extra offices in your area. Some may be full blown centers in areas with many foreign currency holders. They have a good idea on demographics from who has bought what in areas.
But many location may just be say, an unused second floor that used to house mortgages or something like that.
A place they can set up machines to check and validate our currency with trained personnel for our exchanges.”
Al-Sudani: We Succeeded In Implementing The 2023 Budget, And We Must Continue To Complete Economic Projects
Money and business Economy News – Baghdad Today, Monday, while chairing a meeting regarding the 2024 budget schedules, Prime Minister Muhammad Shiaa Al-Sudani stressed the importance of proceeding with the completion of economic projects.
Al-Sudani said in a statement reported by his media office and received by Al-Iqtisad News: “It is necessary to focus attention on projects that are nearing completion, and projects that drive the economic cycle and support infrastructure, in addition to projects that provide the largest number of job opportunities and meet the service, health and social needs provided.” On other general necessities.
Al-Sudani stressed that "the success witnessed in implementing the 2023 budget must be invested in completing the remaining economic projects, especially those related to aspects of economic reform, investment, and infrastructure construction in the areas of transportation, health, and municipal services, and supporting productive agricultural and industrial programs."
In the path of comprehensive development and administrative decentralization, he stressed “the importance of selecting projects with the highest priority in the allocations to governorate councils, and making the local targets of the governorates in a state of integration with the programs implemented by the federal ministries, which allows achieving the highest returns and results at the level of employment and development, and meeting basic services.” For all citizens throughout Iraq.
Most recent banker update occurred shortly after 10 am this morning Mon. 18 March.
Word from those higher ups was that we were in a 24 to 36 hour (10 am EST to 10 pm EST Tues. 19 March)window for announcement with Thurs. 21 March still being an important day for the banks.
Tier4b was in a24 to 36 hour (10 am EST to 10 pm EST Tues. 19 March) window for announcement of how to set redemption appointments, with Thurs. 21 March being an important day (to begin appointments?).
PDK Note: When Mark says there is no RV news-obviously I do not do notes……I will only transcribe RV Related or Intel with Financial relevance. Thanks for understandng.
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 everybody! Praying God’s many blessings to you all.
Member: Does anyone remember hearing years ago this will happen in the spring? It’s the first day of spring today…
Member: Hope springs eternal.
Member: With there being less and less news day by day….Maybe it’s getting closer to happening?
MZ: I think the news is getting restricted as we get closer. I think the quiet is a positive sign. A number of sources were given cautionary notices to be quiet or NDA’s. So to me it’s a great sign that things are quiet.
MZ: There are loads of unsubstantiated rumors out there …but nothing that can be verified.
MZ: Contacts in Iraq and around the world still think we are within days….but they have thought that before….so not going to jump out of my skin just yet. The quiet is probably the thing that is the most encouraging to me right now.
Member: Our best hope may be that Iraq has gotten sick of the US messing with them and just goes alone……then the rest of the world may go after them………
Member: Ramadan just started Mar 12 and goes 30 days. Maybe nothing until after that?
Member: Maybe Iraq need to RV before they go into Brics??
MZ: Yes news is a little slim…..MilitiaMan had a good one….a reminder that Iraq will be the savior of the world’s financial system. They clearly know their role in this process.
Member: I wonder when Sudani is coming to the US?
MZ: That’s a great question. I have heard everything from “he is here already covertly” to “he is coming on Thursday” I wish I could pin it down exactly. But, he is expected within this week.
Member: in 2022 you said a number of your bond holders had been paid. What do you believe now?
MZ: those were called swaps. They sold to private individuals or “speculators” . We are still waiting for Treasury/UST ect to start purchasing the historic bonds. That’s when we can get excited. But yes…back then there was some “bond flipping” going on.
Member: Are we waiting for any other discernible markers…? We keep hearing everything is ready… but… apparently that isn’t the case?
Member: Mr.C said that everything is going to happen all at once with the flip of a switch!
Member: A while back I put into my calendar that Q F S is fully implemented on Saturday the 23rd. Can’t remember the source but it was calendar worthy
Member: I would love to see a new USN note just to know they are real.
Member: There has been a lot of chatter about the new notes, and a lot of dates that have come and gone, and still nothing :-(. We have heard about bank employees saying they “have it in the vault” but still
Member: WF and other banks are launching a new payment processor called PAZE? Maybe its part of the QFS???
Member: Any updates on specimen sheets for the Iraqi lower denoms? Anyone leak a picture?
MZ: I have not had anyone leak a picture yet. I do have some lower denoms that were released in the Kurdish region…(Mark holds up a few notes) and the plan is to use those temporariy while they distribute the new bills.
Member: Mark, have you heard anymore about us having to pay a 35% tax when the RV happens on the dinar
Member: Frank26 still thinks we will be paying taxes.
Member: Noone will know until we get there I think……Hope for the best but prepare for the worst.
Member: They need to release the reset before Americans are forced to pay the cabal all their Tax money on April 15th….If Whitehats don’t want bad guys to get billions of our dollars….then do it before then !!
MZ: We don’t know everything going on in the background. But we are certainly frustrated with all of it.
Member: All I know is that time is ticking to the point of no return-we need this now!
Member: Easter the 31st, Eclipse the 8th ... let's git the show on the road!!
Member: Sunday will be the 33rd Kuwait anniversary.
Member: Thanks to all for encouragement. Just praying it happens soon….But hope and faith are hard to find right now.
Member: Nothing, Nothing, Nothing…then Suddenly.
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
Does Fitch's Rating Affect The Government's Only Financial "Arm"? An Expert Explains
Time: 03/18/2024 11:51:13 Read: 1,898 times {Economic: Al-Furat News} An economic expert reduced the impact of the decision of the international credit rating agency {Fitch}, after it announced the reduction of the credit rating of the Trade Bank of Iraq (TBI) to {CCC+}.
Abdul Rahman Al-Mashhadani told {Al-Furat News} agency, “This classification is not new because it is an old classification, and it has been Iraq’s classification for years, although it is not good, and the Iraqi Trade Bank does not need bank credit because it is the government’s agent and finances government purchases and does not borrow, but rather it is He makes payments to the government, and talking about anything other than that is outside the jurisdiction.”
He added, "The international agency {Fitch} indicates that Iraqi banking institutions do not have complete transparency, and this is an indicator that we have had for years. The most important thing is that whoever is in charge of managing the Iraqi Trade Bank is being replaced on charges of corruption and mismanagement, so the problem is with the internal environment, not the external one, and this is what affects Iraq's classification." ".
Al-Mashhadani stressed, “The Fitch rating did not add anything new and does not affect Iraq.”
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said in a previous press statement, “Credit ratings are linked to the bank’s ability to obtain credit facilities, and the Trade Bank of Iraq (TBI) deals with full coverage of credits in advance, and therefore its documentary credits and financing of government imports will not be exposed to problems.”
He added, "Iraq is rated (b) negative, which is not a good classification, and no unit can be higher than the country's classification. TBI will remain a semi-central bank due to its large number of correspondents, the strength of its capital, and its high profits."
It is noteworthy that TBI Bank is the only Iraqi bank that has the right to send remittances abroad, due to the debts incurred by the country that prevent sending remittances and operations with the Rasheed and Al-Rafidain banks. LINK