"RV UPDATE" BY MARKZ, 1 MAY

 MarkZ   

[via PDK]

  Question:  Mark, do you see May 8th rumor that (the WTO entrance) as a hard date that Iraq cannot go past without announcing their new rate?

  MarkZ:  I hate to give dates…but there is a good chance it could go before then.

   Question: What does your gut say?  My gut is pretty mad we are not done already…but I feel that there is a good chance before the 9th of May. There is a lot expected to happen over the next few days.

Question:  Did Kuwait revalue over night? 

 MarkZ:  I believe they revalued mid morning. Around 10:30 or 11:00... I am confident it was daytime because the very same day it revalued…they ran articles in the papers that they were not ready to RV for months…maybe years. Then “BAM” they released it. That’s why I warn you guys about all the smoke and mirrors…Don’t jump off a cliff when you see stories like that.  Just wait.

Whatever you hear, the budget have to be approved by the permit of Iraq Iqd BY NADER FROM MID EAST

"RV UPDATE" BY NADER FROM MID EAST, 1 JUNE

Nader From The Mid East 

 Iraq wanted to de-dollarize.  They start de-dollarizing in January but it didn't work for them too much.  

The government didn't expect that to happen even by telling them that the dinar are stronger...use the dinar instead of the dollar for the benefits of the country.  They tried everything.  Now, they said that plan didn't work so they come out to the new white paper...They realized they cannot do nothing without changing the exchange rate.

 They're going to have to go down in the exchange rate for the de-dollarization...They're going to have to change their exchange rate...Between now and 8th of July we should have an answer... 

what they going to do?  Are they going to change the exchange rate...keep it the same...go up...go down? 

 I think they're going to have to go down on the exchange rate a lot for them to take off the dollar from the street.

Evening News with MarkZ and Militia Man. 04/30/2024

Evening News with MarkZ and Militia Man. 04/30/2024

MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decision

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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

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Does the Strategic Framework Agreement hold the key to a better exchange...BY PIMPY

The government hires an external auditor for the Trade Bank of Iraq, 1 MAY

The government hires an external auditor for the Trade Bank of Iraq

Mawazine News – Baghdad
The Council of Ministers announced, today, Tuesday, the approval of contracting with an external auditor for the Trade Bank of Iraq; For the purpose of auditing the bank accounts.
A statement from the Prime Minister’s Media Office received by Mawazine News stated, “Within the framework of financial and administrative reform decisions, and what is related to reforming the banking sector, the Council approved, according to the statement, what was recorded in the letter of the Prime Minister’s Office on April 3, 2024, regarding contracting with an auditor.” External to the Iraqi Trade Bank, for the purpose of auditing the bank’s accounts, as the bank deals with a network of reputable international banks.”
Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani chaired the eighteenth regular session of the Council of Ministers.

https://mawazin.net/Details.aspx?jimare=247070

"RV UPDATE" BY MILITIAMAN, 1 MAY

  Militia Man

  Quote on X [Formally Twitter] There's some information out there today that says the Central Bank of Iraq's governor has advised citizens to get ready for a currency exchange..

.Whether it's true or not we're going to find out...The reason why I bring it up is because that kind of to be expected, they're having financial inclusion...they're talking about that.

  Article:  "We will see the dollar decline in the black market soon...the central bank's credit rating [from the World Bank] is an A++ and exceeded the United Arab Emirates..." 

 That's the prime minister's advisor talking...That's phenomenal.  It's big.  It says a lot.  It says they have trust.  It says Iraq has the ability to pay back their bills.