I’m sharing this for what it’s worth. This hasn’t been triple-examined by me yet, but given the movement I’m hearing about with the GCR side – fines and sanctions, farm claims, CMKX payments rumored to be starting – I’m encouraged. These are the steps necessary before moving to Level 4B. Personally I think Friday is too early, prematurely.
But that’s just my opinion. Take it or leave it. However, I do know for a fact that Reno is not even considered to be on “high alert” yet, as of Wednesday 4.3.24, for Tier 3 bond payments. That’s why I encourage everyone to stand firm and watch the positive movements for what they are: necessary stepping stones. Hang there!
“My Chase/JP Morgan Wealth Manager guy was transparent, knew what was going on, shared info, and admitted he had foreign currency and how he was focused on humanitarian needs. I am really surprised he admitted what he did.”
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Ginger Q & A:
Ginger: “Recent rumors that Asia & South America paymasters got the green light for liquidity on Tues. 3 March.”
Member: “This is great news! Is it only for people in Asia, Colombia/Brazil that got the green light? What about people that have historical bond on T3 in Switzerland? Should they also get the green go light?”
Ginger: “Please think of this Event like a “human Wave” at a football game. It’s gotta start somewhere…but it’ll get to you and me as we watch it move across the entire stadium – a Global Event which reaches everyone.”
Thurs. 4 April Evening Wolverine:The below from Bruce is what I was told yesterday which I shared to only a few as I wanted a confirmation and it looks like Bruce has it:Bruce on Thurs. 4 April: “#21 guy got word that Tier3 bondholders have been started, and should get emails sometime tomorrowFri. 4 April,as to where they are what is going on, telling them about their liquidity.
Paymaster said that activity in Reno is off the charts. They have added security is that they are at the place where bond holders are doing their KYC and they are adding security for that process. This is significant. Another person called and said that this is right on top of us.”
Thurs. 4 April Morning Wolverine: Latest information on Tier 3 progress. Shared with permission from an anonymous contact who is connected to Tier 3 bonus groups. Anonymous Friend: I just talked to one of my contacts. He said that tomorrow, April 4, there will be a large Zoom meeting involving many banks and payers. He thinks they will discuss how everything will go; And he believes the green light with notifications could happen late Thursday night or possibly Friday.
SANAD: WASHINGTON IS BLACKMAILING BAGHDAD WITH DOLLARS, AND THE SUDANESE GOVERNMENT MUST END THE SANCTIONS FILE
Independent MP Mustafa Sanad called on the government of Muhammad Shiaa al-Sudani to expedite discussions on removing foreign forces.
Sanad said in a televised interview followed by Mawazine News: “The Iraqi government must strongly adopt the Iraqi files, and the most important of these files are the foreign presence file and the banking file, stressing that there are Iraqi banks that were contributing to the activity of the economic cycle and were closed by Washington.”
He added, “The existence of some violations among these banks does not require closing them and assigning Jordanian or Gulf banks to carry out their work, and this is considered the biggest mistake.”
He pointed out that “the US Federal Reserve has reduced the pumping of dollars to Iraq in the recent period, and we hope that this file will be discussed during the Sudanese’s upcoming visit to Washington.”
Oil Prices Rise With Indicators Of Economic Growth In America
Energy Economy News _ Baghdad Oil prices rose in early Asian trading, Thursday, amid fears of supply shortages as major producers continue production cuts, along with indicators of economic growth in the United States, the world's largest oil consumer.
Brent crude futures for June rose 15 cents, or 0.2 percent, to $89.51 per barrel at settlement by 00:37 GMT.
US West Texas Intermediate crude futures for May also increased 15 cents, or 0.2 percent, to $85.59 per barrel.
The June Brent contract and the May West Texas Intermediate crude contract recorded gains over the past four days and closed on Wednesday at the highest level since the end of October.
Oil prices rose after Ukrainian attacks on Russian refineries led to a reduction in fuel supplies, and amid fears that the war between Israel and the Palestinian Islamic Resistance Movement (Hamas) in Gaza may extend to include Iran, which could lead to disruption of supplies in the Middle East region.
Senior ministers of the Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, at a meeting held on Wednesday kept oil production policy unchanged and urged some countries to strengthen compliance with production cuts.
The meeting stated that some members will compensate for the increase in supplies in the first quarter.
FISCAL AND MONETARY POLICIES SUCCEED IN UNDERMINING THE PARALLEL DOLLAR
The exchange rates of the dollar in the parallel market witnessed a noticeable decline, reaching yesterday, Monday, around 146 thousand dinars per 100 dollars, a number that specialists believe may decline further in the coming periods as a result of the success of the financial and monetary policies, stressing that the superiority of the official market, represented by the platform for selling the dollar.
The Central Bank, in meeting the needs of foreign trade, led to a decline in the effects of the parallel market for the green currency, while specialists attributed the reasons for this decline to the introduction of the customs automation program (ASYCUDA).
According to specialists, this decline constituted a positive factor in controlling the prices of goods and materials in local markets. They expect inflation rates to decline in the coming periods if monetary policy continues to succeed in meeting foreign trade financing.
In an image that confirms the solidarity of the executive and legislative authorities to confront the effects of the parallel market, the Parliamentary Finance Committee hosted earlier the Governor of the Central Bank, Ali Al-Alaq, to discuss a number of important files, most notably the procedures for addressing the large gap in the sale of the dollar between the official price and the parallel market, as well as foreign trade remittances. Through (the platform).” Al-Alaq indicated during the hosting that there were ongoing meetings with the US Treasury, and it was agreed to reconsider the sanctions imposed on Iraqi banks, and that such decisions should not be issued in the future except after discussing and informing the Central Bank of Iraq, as it concerned with monitoring its activity.
In the midst of this, the financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, believes that “economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that “the state of superiority of the official exchange market in financing Iraq’s foreign trade caused a decline in the effects of the “Parallel” market and receding its illegal activities.
Saleh pointed out to the Iraqi News Agency “INA”, that “the decline in the parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country’s economic policy in its three aspects :
financial, monetary and commercial,” pointing out that “the work and high coordination of policies led to providing an incubator of stability embodied in relative price calm and containing seasonal price fluctuations for high-demand items, specifically providing basic goods related to consumption and daily living for citizens,” noting “the importance of using the customs policy, which was represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods) as part of the performance of the financial policy in providing stability.” price and guarantee the supply of food and essential goods and production supplies at the official exchange rate and in accordance with the requirements of the national economy.”
Confirming the views of the government advisor, the economic expert, Manaf Al-Sayegh, pointed out that “the existence of coordination measures between the financial and monetary policies indicates the presence of a sound reading among the pillars of the Iraqi economy, and that the strategy that was developed to enhance the value of the dinar has begun to bear fruit.”
However, Al-Sayegh, during his talk to “Al-Sabah,” urged the necessity of knowing the real measures that led to the decline in the parallel exchange rate to ensure its sustainability during the coming periods, with the aim of absolutely controlling the green currency and preventing its rise again, stressing that this decline in the exchange rate could achieve a number of economic gains, The most prominent of which is controlling the prices of goods and materials in local markets, and reducing the rise in inflation rates during the coming periods, and therefore this is in the interest of Supporting individual economics.
Al-Sayegh pointed out that the past few days witnessed a clear decline in the demand for the dollar in the parallel market, which led to a decline in its exchange rate, indicating that the decline in demand resulted from meeting the needs of financing foreign trade by the Central Bank, and therefore the dinar can gain a lot during the coming periods if it is filled. Most of the external financing needs of the private sector.
Dadoush also believes during his talk to “Al-Sabah” that “this decline will positively affect the level of per capita income, and will also push people who hoard the dollar to give it up and sell it, which could contribute to the continued decline in the exchange rate, indicating at the same time that this decline in the currency Green prices will ultimately lead to a positive effect of controlling the prices of some goods necessary for the individual, while the rest of the goods, especially luxury goods, will remain high as a result of their connection to global prices, which are high mainly as a result of global inflation.