Al-Sudani to American companies: The current stability in Iraq is encouraging for you to engage in development projects
Prime Minister, Muhammad Shiaa Al-Sudani, called on American companies to work inside Iraq.
Al-Sudani said, the current stability in Iraq should encourage American companies to engage in important development projects in the fields of energy, communications, housing, health care, education, transportation, and others.
He added that it is also important that we combat corruption, which is the other side of terrorism, as its impact is no less devastating, and that we work to ensure that the people’s money is directed towards valuable goals, and that it is also imperative that we work to diversify our economy away from dependence on oil, even while we benefit from it. From our position as the second largest oil exporting country in OPEC (in addition to our possession of large reserves of natural gas)
Al-Sudani stated, “Our urgent need for American expertise and technology extends to clean energy and the green economy, as we seek to develop sustainable and renewable sectors,” adding that “the strategic framework agreement established the legal basis for these activities, and that by investing in them, it will enable us to put Iraq in a position that helps it strengthen Its democracy, strengthening the state, and strengthening the rule of law, are the pillars that will allow us to restore Iraq to its historical brilliance link
The New Quantum Financial System (QFS),Charlie Ward
Operates completely independentlyfrom the existing “centralized” banking and ends the “Central Banking System” that perpetuates “Debt Slavery” around the world. Even though it is the ultimate in design, reliability, security and safety, the roll-out process will occur over time.
The QFS operates on a Distributed Ledger Technology.It is NOT crypto currency or Blockchain technology. Quantum Qubits “interact” with every financial transactionanywhere in the world of finance to ensure that each transaction is legal, owner-intended and transparent. Since Central Banks do not have the ability to “reconcile” old FIAT (paper) moneyinto the new QFS system, all fractional reserve banking and central banking activities will cease.
Every sovereign currencyand every bank represents a separate Ledger in QFS.
Data on all account holders, at all banks, in all 209 participating countries was downloaded into QFS in March 2017 and serves as a “Distributed Ledger”.
The QFS is designed for and ready to convert ALL bank accountsdenominated in any Fiat currency anywhere in the world into a local asset-backed currency. The QFS pings the originating Fiat currency bank accountto ensure it is still valid, active, and operational at the time the exchange of fiat currency for asset-backed currency takes effect. After the successful ping of a local bank account, the fiat currency holdings are converted into the new local asset-backed currency on a 1:1 basis.
A Government Advisor Announces The Start Of Implementing The Reform Plan In Government And Private Banks
Economy News – Baghdad Adviser to the Prime Minister for Economic and Financial Affairs, Mazhar Muhammad Saleh, confirmed on Thursday that Prime Minister Muhammad Shiaa Al-Sudani is interested in reforming the course of the private and government banking system, while indicating the start of implementing the reform plan for government banks.
Saleh said, in a statement reported by the official news agency and seen by Al-Iqtisad News, that “the banking market has a great division. For example, the capital of private banks, or their share of capital from the government, is about 78 percent, while the capital of government banks is 22 percent.”
He continued, "While government banks account for 85 percent of activities and assets, while private banking activity is 15 percent, so there are large disparities between private and government banks."
He explained, “Private banks have almost coexisted on government allocations, whether through the window or by opening letters of guarantee for projects, meaning that any vibration exposes private banks to serious problems, so approximately 29 banks have been deprived of dealing in foreign currency.”
Saleh added, “Prime Minister Muhammad Shiaa Al-Sudani is very interested in reforming the course of the private and governmental banking system,” stressing that “there is a reform plan for government banks, and there is a foreign company that evaluates the banking work, its capital, and its functions until they are parallel to the work of international banks.”
He stated, "Private banks are facing a dilemma, especially after being deprived of trading in foreign currencies, even though they have coexisted with this issue. Therefore, the government is trying to create an internal environment that is supportive of them, and they need to correct their situations first."
He went on to say: “The Prime Minister is correctly supportive of private banks, on the condition that these banks improve their course of work,” stressing that “there is a reform plan to correct the course of private banks that will be implemented soon.”
A government source revealed, the day before yesterday, Tuesday, that Prime Minister Muhammad Shiaa Al-Sudani issued a set of measures and steps to revitalize the private banking sector, while directing a study of the possibility of strengthening the needs of private bank branches abroad in foreign currency.
The source said, “As part of the Iraqi government’s efforts to formulate a strategy that stimulates the activity of the private banking sector during the next stage, allowing it to engage more in efforts to diversify the economy and strengthen its foundations, Prime Minister Muhammad Shiaa Al-Sudani directed the adoption of a number of measures and steps in this regard, including:
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1 - The Ministerial Council for the Economy studies a proposal to increase deposits of government institutions and the central government with private banks, enabling them to provide more banking operations and contribute to the development of various vital sectors and increase their ability to provide various financing services inside and outside Iraq.
2- Support by the Iraqi government and the Central Bank of Iraq for banks Iraqi private banks through foreign institutions and banks, taking into account the credit rating of each bank.
3- Studying the possibility of enhancing the needs of private bank branches abroad in foreign currency for the purposes of financing foreign trade - the private sector and in accordance with the applicable contexts.
4- The Board of Directors of the Central Bank of Iraq determining Contribution of foreign capital to Iraqi banks and assessment of the reality of the situation in a way that benefits the Iraqi economy and in accordance with what is stated in Banking Law No. 94 of 2004.
5- Participation of representatives of the private banking sector when discussing relevant issues in all state institutions, including meetings of the Board of Directors of the Central Bank of Iraq .
6- Studying the reactivation of the financing initiative presented by the Central Bank of Iraq and in accordance with the contexts proposed by the Central Bank in this regard.
7- The Competition and Monopoly Affairs Council shall take the necessary measures under Law No. 14 of 2010 to prevent monopoly in banking services, provided that the Council shall submit reports to the Central Bank of Iraq and in coordination with it periodically and in accordance with the aforementioned law. Views 174 04/11/2024 https://economy-news.net/content.php?id=42374
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: Happy FriYay!!
Member: Hello all you wonderful people!
Member: Any RV news today Mark????????
Member: Mark, do you truly believe this has started and there’s no turning back?
Member: Do you think we will walk away with liquid, spendable money when we exchange our currencies? None of this 1% now, 9 % then and $90 % later?
MZ: I have been told repeatedly that we will walk away with free and clear spendable money. They need liquidity in the markets and they need us to start spending.
Member: Given the chance I will personally throw some serious liquidity into the system on day 2 of the RV. I have a house calling my name!
Member: What if a person refuses to sign the NDA?
MZ: First , I am very much convinced at this point that short of Zim- you are not going to have one. But let’s just say we do and you don’t want to sign it? My guess is you will just get a lower rate.
Member: DOW Down – Gold breaks $2400 and Silver at 3 year high. All good signs!
Member: Got an appointment with a wealth manager today at chase just waiting on the RV
Member: Vietnam has started working on joining BRICS. While currently participating in the BRICS+ dialogue, Vietnamese authorities are addressing the issues related to joining.
Member: I wonder will the VND Revalue concurrently with the IQD, or will it Revalue shortly after?
Member: It seems to me we may have to wait until the Iraqi PM returns from his visit to the US?
MZ: It’s possible. If I were him I would like to be in my own country when it happens. But, there are several Iraqi contacts that seem to think he is going to announce it the day before he comes here. He is supposed to be in the US in 3 days.
Member: Sudani looks to be coming to the US on the 15th. We hear the last of the bond payments are on the 22nd.
MZ: That is why I think it more likely to happen toward the tail end of the 22ndto see our new rate. But Iraqi contacts think Sudani is going to announce it in Iraq before he heads to the US on the 15th…. I hope they are right and I am wrong.
Member: And Next week, the World Bank and the IMF are meeting in Washington DC for their Spring Meetings 2024. This year, the meetings will be compressed between 17th and 19th April, with some ancillary events happening between Monday 15th and Friday 20th. A lot is happening next week.
Member: Interesting fact… April 15th the sinking of the Titanic!
Member: There is a rumor that NESARA will be officially announced this Monday April 15th?
Member: There is another rumor that the new US republic has joined BRICS. Not the US corporation….but the Republic………hope its true.
MZ: “Zimbabwe reports positive transition to new currency” It is coming along well and is tied directly to gold.
MZ: “Chinese Yuan officially overtakes US dollar” they are talking inside of Russia for foreign exchanges and foreign transactions. The Chinese yuan is the top traded foreign currency in Russia.
Member: Thank goodness for BRICS. I think they are forcing the Reset to happen worldwide
MZ: “Gold and Silver entering the exponential phase” By Egon Von Gaertz. . And Gold Telegraph has been insightful lately. Gold is at an all time high even with the majority of fiat currencies. Follow the road paved in gold. Years of financial mismanagement is bubbling up to the surface. If you slowly pull back the systems layers it leads to gold. Revaluations happen to coincide with resets. Enjoy the show.
MZ: This is key…..”Revaluations coincide with resets” and the whole system will reset to commodities. Gold will be in the captains seat with this reset. It’s happening before our eyes. It is unavoidable and will happen.
Member: QQQ Mark are you assuming that you will be given the Contact numbers or email for us to make our Appointments around the globe???
Member: That is what he has said for the last few years. I don’t think it has changed?
Member: To all of us who are waiting on the RV is like driving through a thunderstorm… you have to go through it to get to it
Member: Will you have a show tonight or are you traveling?
MZ: There is NO SHOW TONIGHT . I will be traveling……But I hope to have a normal podcast tomorrow morning. Then head to the event in Tennessee tomorrow.
Member: Safe travels Mark…..and everyone have a wonderful weekend.
Mr. Cottrell and CBD Guru’s join the stream today. Please listen to the replay for their 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
Al-Sudani says his meeting with Biden is “an opportunity to put the partnership between the two countries on a new basis.”
Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani considered, on Thursday, the meeting that he will have with President Joe Biden during his upcoming visit to the United States of America in mid-April “will be an opportunity to put the American-Iraqi partnership on a new and more sustainable basis.”
This was stated in an article published in “Farn Affairs” magazine, today’s issue.
“Our discussions will emphasize the continuing importance of our economic relations, cooperation in combating money laundering and terrorist financing, and the use of political and diplomatic tools to defuse regional tensions,” he wrote in his article.
He added, "The war against terrorism will remain a central topic for our governments," adding, "We recognize and appreciate the critical role played by the United States and other members of the international coalition to combat ISIS in defeating terrorism."
Al-Sudani added: This support has helped Iraq achieve stability, make great strides on the path to democracy, the rule of law, and ensure the government’s monopoly on the use of force.
He continued, "The time is right for our relationship to become broader, while recognizing the growing capabilities of our forces to defend Iraq and ensure the safety of its citizens - and to contribute in essential ways to building a prosperous and stable Iraq."
The Iraqi Prime Minister concluded his article by saying that the relationship “in its new form, our partnership can represent a source of mutual benefit for both our countries, and a driving force for achieving stability in the Middle East.”