Coffee with the Codeman. 03/22/2024

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 Friday Morning…..Praying for some action this weekend

Member: It would be about time for an Actual Announcement to get this  show to The End!

Member: I wonder if the only thing we're waiting for is the US??

MZ: It has been quiet out of Iraq but, there is lots of expectations. I lost another bond holder source overnight last night as they said they are going to go quiet. Not an official NDA….but they believe their payment is pending and have gone quiet to be safe. 

MZ: There is movement from what I call a “Massive whale” he’s in between a whale, paymaster and group leader. He was asked to pack his bags and get to Reno. I think that is a positive sign.

MZ: There has been a lot of travel requests in the last day or so to get headed west. 

Member: I don’t understand why they would have to go to Reno to get paid.

Member: In this day and digital age- its kinda strange

MZ: “36 countries apply to join the BRICS alliance in 2024” These are developing countries –commodity rich countries. This is huge news as BRICS is gaining massive steam.

MZ: “Country Garden and Vanke to expose extent of China’s property crisis” This is from Bloomberg. 

Member: Wolvie said Farm Claims are being paid out. I also saw another post from a person who has started receiving their Farm Claim funds.!!!!

MZ: I know a number of original farm claim folks…and they have not reached out to me that they have received anything. I have seen some chatter on the Pigsford(?)  farm claims…but am waiting for one of the original FC folks to get paid. Then I will be beyond excited. 

Member: Wolvie also said the Chinese elders want it done by Easter

Member: I heard a rumor that things might start when Sudani goes back to Iraq from a meeting in the U.S.

MZ: We are still looking for when Sudani is in the US and any details….Nothing yet. 

Member: Bank Story. 3 international wire transfers in 2024 took 5 days to confirmation. This week sent Monday confirmation received Tuesday. QFS???

Member: Wealth manager in houston texas JP Morgan chase branch. Has heard of the RV and knows chase is part of it. He didn't have any news but he knew about it. .

Member: What is the difference between historical bonds and zim bonds?

Member: Historical bonds are : Yellow Dragon Bonds, Chinese Railroad Bonds, bonds bought a long time ago. Zim bond should be 2008 or 2009, series Aa or AB, and say "pay to bearer" on them.

Member: Thanks to all for the encouragement. Pray something big happens this weekend….something real. 

Member: Come on RV…….the world is ready for you. 

Member: Stay positive, The Best is Yet to Come!

Mr. Cottrell joins the stream today. Please listen to the replay for his  information and opinions. 

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.

Iraqi dinar rate after WTO massive Announcement 🔥Iraqi dinar rate update...

"ANALYSIS OF IRAQ NEWS" BY MILITIAMAN, 22 MARCH

  Militia Man  

 Deleting the zeros from the notes, how are you going to do that?  You're going to re-denominate the currency ...The way to re-denominate is to add value.  If you don't add any value, re -

denomination means those that hold currency don't gain anything.  I don't think the United States Treasury...Great Britain...Canada...Australia...Coalition forces ...South Koreans came into Iraq to get completely 100% hosed with anything like that...

The Project to Delete The Zeros is from the exchange rate.  Then, once you delete the zeros from the exchange rate you have a 1 to 1 situation - Not value wise but it's $1 to 1 dinar.  Then apply a real effective exchange rate.

Article:  "A specialist points out the reasons for the noticeable decline of the dollar in Iraq: It will reach the official price"   We have been told inflation has been contained to about 3.7% and the Iraqi dinar has ample cover with over 15 months worth of imports over the standard or more typical 3 months. They have increased gold by about 43 tonnes.  They have a new ASYCUDA system for oil and non-oil revenue streams.  A real effective exchange rate will be an additional tool to curb the illegal parallel market and quickly imo.

A parliamentary committee decides to host officials from the Iraqi Central Bank to discuss the loan and interest mechanism, 22 MARCH

 A parliamentary committee decides to host officials from the Iraqi Central Bank to discuss the loan and interest mechanism

The Central Bank of Iraq’s proposal and the loan and interest mechanism to finance projects and loans would be followed up on by bank officials, according to a Thursday announcement made by the Parliamentary Finance Committee.

Mustafa Al-Karaawi, a committee member, stated: “The Parliamentary Finance Committee closely monitors the Central Bank’s initiative and the mechanism for issuing bank loans to finance housing loans, medium and small projects, and employee advances.”

“The Parliamentary Finance Committee will host officials from the Central Bank and general managers of banks in the near future to discuss loan mechanisms, interest rates, and repayment terms, provided that interest rates are declining,” he continued.

"QFS CONVERSATIONS" WITH GOLDILOCKS, 22 MARCH

 GOLDILOCKS

"CFTC Approves Proposed Amendments to Regulations Regarding Real-Time Public Reporting and Swap Data Recordkeeping and Reporting Requirements"

This new data collection is expected to harmonize International Data swap transactions that takes place on the Forex Market. It begins on January 1st, 2024 .

It is designed to create accurate and efficient reporting of the data being transferred back and forth between cross border International trading. 

The UPI is expected to adopt and use this new reporting rule on January 29th, 2024. The Unified Payments Interface is the foreign currency mechanism that India is going to use next year in International trade between countries. 

Iraq, Vietnam, and Indonesia are three of several countries that will utilize this UPI interface.

It will allow several Banks across the world to exchange on the Forex Market under one digital mechanism. 

© Goldilocks

https://www.cftc.gov/PressRoom/PressReleases/8835-23

https://www.cftc.gov/PressRoom/SpeechesTestimony/phamstatement121523b

https://www.cftc.gov/PressRoom/PressReleases/8659-23

https://www.cftc.gov/LawRegulation/DoddFrankAct/Rulemakings/DF_18_RealTimeReporting/index.htm

https://www.cftc.gov/LawRegulation/DoddFrankAct/Rulemakings/DF_17_Recordkeeping/index.htm

This is progress in Iraq 03/21/24 BY PIMPY

The Ministry of Oil announces the adoption of electronic payment in cash allowance for super and improved gasoline, 22 MARCH

The Ministry of Oil announces the adoption of electronic payment in cash allowance for super and improved gasoline

Shafaq News / The Ministry of Oil – Oil Distributions Distribution Company announced, Thursday, the direct supply of vehicles with “super, improved” fuel in accordance with electronic payment cards POS in all governorates, as of tomorrow, Friday, March 22, 2024.

This was announced by the Director General of the Oil Products Distribution Company, Hussein Taleb, and said in a statement today, that the process of supplying vehicles with gasoline with two types (enhanced and super) in Baghdad and all governorates will be by electronic payment, indicating that this application will include in the next stages all oil products.

The Iraqi government seeks to activate the electronic payment service, adopt modern automation systems and end cash dealing.

Accordingly, the Oil Products Distribution Company, affiliated to the Iraqi Ministry of Oil, has set the end of March a deadline for cash handling at government and private fuel filling stations.

On (last January 7, the Prime Minister, Mohammed Shiaa Al-Sudani, directed to spare citizens additional financial burdens as a result of commissions, during a meeting dedicated to following up the financial and economic transformation to electronic payment, points of sale and financial trading with electronic cards (POS).

According to a statement issued by his media office, the Sudanese confirmed that the goal is to facilitate dealing and facilitate payment in all fields, while ensuring the highest levels of security.

Most markets and filling stations lack POS devices despite the directions of the Council of Ministers to implement the electronic payment system in state institutions, the private sector, commercial centers, shops, markets and other entertainment facilities.

Citizens still lack the provision of POS machines and claims from the central bank, banks and electronic payment companies to supply the POS and make them accessible to the citizen to use with electronic cards for shopping and payment instead of cash.

The Central Bank of Iraq announced at the beginning of last June the entry into force of the Council of Ministers Resolution No. (23044) for the year 2023, which is to increase the number of electronic payment devices (POS) in government institutions and the private sector to promote the culture of payment and electronic collection, and to reduce the use of paper money in collection and commercial transactions.

It is noteworthy that the Board of Directors of the Central Bank of Iraq decided on December 13 to establish the “National Company for Electronic Payment Systems” throughout the country, indicating that the company represents a qualitative development in the structure of the country’s financial infrastructure.

According to the statement of the Central Bank of Iraq, this step coincides with the rapid growth in electronic financial services and products and the high number of users in line with the framework of the government program to support and adopt advanced electronic payment systems.

https://www.shafaq.com/ar/مجتـمع/وزارة-النفط-تعلن-اعتماد-الدفع-الالكتروني-بدل-النقدي-للبنزين-السوبر-و-المحسن