Currency Rates & News IQD Gold BRICS VND HTG ARS BY SANDY INGRAM

New agreements between Iraq and Iran on facilitating trade, 2 MAY

 New agreements between Iraq and Iran on facilitating trade

Iranian media reported today, Wednesday (May 1, 2024), that Iraq and Iran have reached new agreements on facilitating trade movement between the two countries.

Mohammad Rezvani Far, Deputy Minister of Economy and Director General of Iranian Customs, and Hassan Hammoud Hassani, Advisor to the Ministry of Finance and Director General of Iraqi Customs, emphasized the facilitation of trade in addition to the new customs agreements between the two countries.

The Iranian official agency, according to what was translated by “Baghdad Today”, quoted Radwani as saying, “This meeting along the long borders and near 5 important provinces bordering Iran and Iraq, which requires doubling trade between Iran and Iraq, and developing relations, coordination and cooperation.”

Radwani added, "Regular border meetings between border customs directors in the two countries can contribute to the effectiveness of this cooperation," indicating that "Iranian Customs is fully prepared to exchange customs information with Iraqi Customs in order to facilitate and develop trade."

The Iranian official considered that "exchanging and coordinating procedures and policies and applying similar methods at various border points, in addition to matching working days and hours in customs offices in the two countries, is important and vital for trade exchange."

The Iranian Deputy Minister of Economy called for "expediting notification of changes in customs procedures and regulations in the two countries."

Radwanifar stated that “the cornerstone of customs policies to facilitate and develop trade lies in the World Customs Organization,” noting “the importance of this organization,” calling for “consensus and consultation among Islamic countries in promoting common goals and interests.”

For his part, the head of the Iraqi Customs Authority, Hassan Hamoud Hassani, described the Iranian side as “one of Iraq’s most important trading partners, and included developing trade relations between the two countries as one of his country’s priorities.”

He expressed his satisfaction with “the progress of customs cooperation between the two countries,” expressing his hope to “follow up on common issues with continued cooperation and exchange of views.”

The head of Iraqi customs promised to "continue coordination between his government and the Iraqi Kurdistan Regional Government in order to implement customs unity in these two regions."

Hassani also expressed his regret "about the phenomenon of fuel smuggling at the common border crossings between the two countries," adding that "Iraqi customs will cooperate with the Iranian side in resolving this problem."

It is noteworthy that during the meeting, it was agreed to sign an agreement on cooperation and mutual administrative assistance in customs affairs between the governments of the two countries, with the aim of facilitating the electronic exchange of customs information and providing facilities in performing customs procedures at the border level of the two countries, and agreeing to sign an agreement to facilitate the temporary entry of goods vehicles between Iran and Iraq. And the establishment of a designated parking lot outside the customs borders of the two countries in order to prevent the risks resulting from the stopping of trucks carrying fuel materials in the border area, as well as the establishment of representatives of the organizations that issue import licenses, including standards, health and quarantine units, and related organizations in the Iraqi border customs, among others. linK

"HOLD ONTO TO YOUR ZIM-NOTES PEOPLE" BY ARIEL, 2 MAY

 Wed. 1 May 2024, Ariel: Hold onto to your Zim-Notes people.

The Zimbabwe Bond Notes (You Hold) could not be paid out in any form prior to this announcement. A Bond is a Promissory Note issued by a government and can legally not be refused.
Look at the writing on the Zim-Notes you hold. What does it say? “I promise to pay bearer on demand”.  Do you understand the gravity of this statement? Do you understand how rich in natural resources Zimbabwe is?

The Royal Bank of Zimbabwe $835,000,082,302,000,000 (13 metric tons of in ground gold estimated to yield $14 billion per annum by RBZ going forward) is the richest in the world.
People, did you know I had a private contract back in 2016 exclusively for Zim-Notes only?  I have many of you this already last year.

 I even uploaded the process in a condensed format to give people an idea of how it was supposed to go. But that was 10+ years ago. Some of my followers remember that. Because a couple of them were also a part of it.

The amount of un-mined Gold in Zimbabwe is astonishing. There is more than enough to back all the millions of printed 2008-2009 Bonds alone. Not even mentioning the other minerals.
People Zimbabwe no longer just had gold backed digital coins. The paper is also being supported by the new gold standard. 

You now hold very valuable bonds in your possession. Do you know how far ahead you are of those who are oblivious to this?

The government said that Holders of physical gold coins, at their discretion, will be able to exchange or convert, through the banking system… into gold-backed digital tokens,” the Reserve Bank of Zimbabwe said in a statement inviting individual and corporate entities to use the digital currency that can be bought either in Zimbabwean dollars or foreign currency.
Zimbabwe is now in a process to get all the 2008 to 2009 Zim Promissory Notes (Bond) off the streets. This should be done very soon. Remember Iraq is doing the same thing. Everything they are doing in their local economies is to ensure maximums value for their new precious metal based economy.

Be careful of false news and an important msg you'll want to see 05/01/24 BY PIMPY

His financial advisor: The dollar exchange rate in the parallel market is gradually approaching the official one, 2 MAY

 His financial advisor: The dollar exchange rate in the parallel market is gradually approaching the official one

Today, Thursday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, explained the dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met, while confirming that the dollar exchange rate in the parallel market is gradually approaching the official one.

Saleh said to the official agency, followed by Mawazine News, that “calls for floating the dinar to end the gap between the official exchange rate and the parallel market may be possible in an economy in which the free market alone influences the movement of the balance of payments, and not in an economy in which the rentier government sector is dominant and generates currency reserves.”

Foreign currency, as the monetary authority alone is the main source of supply of foreign currency that meets the desired demand for foreign exchange in the money market, to provide stability in this market and achieve a desired and homogeneous exchange rate through the interventionist role played by monetary policy.

He added, "Claims for flotation mean in all cases adopting the prevailing exchange rate in the parallel market to achieve the goal of stability and balance in the official exchange rate itself at a new point reached by the market at the end of the supposed flotation policy and returning to stability again.

Also, the flotation scenario means in all cases the withdrawal of the authority." Cash from being an essential central supply of foreign currency, to be replaced by new forces supplying foreign currency from free market makers, which only have a weak, limited supply of foreign exchange, and at the same time they carry an uncontrolled package of inflationary expectations and are called in economic literature the forces generating expectations. "inflationary".

He continued, "The hypothetical new supply forces for foreign exchange adopted by the exchange market in that scenario will mean the dominance of supply forces from speculators with very limited quantities of foreign exchange available for supply in the parallel market, matched by an open demand for foreign currency on the part of the market that undoubtedly exceeds that limited parallel supply." of foreign exchange, perhaps by more than 10 times at least in our estimation, and such a policy of floating to achieve a homogeneous equilibrium exchange rate would be an open and perhaps unruly situation, as long as the central government supply of foreign currency would be absent from the market, and we would not then obtain any equilibrium point in the exchange rate.

 An exchange rate that is sought to float except with a widespread deterioration of the exchange rate as long as it is controlled by forces that generate inflationary expectations, as we noted in a highly unilateral rentier economy, and it is an exchange rate whose mechanisms will move in a market that is incomplete in terms of production in its compensation for the required supply of goods and services.

Saleh warned, “T hen no one knows how much the new exchange rate resulting from the flotation will be, which will undoubtedly be accompanied by a prior wave of inflationary expectations, which is a dangerous wave whose directions are difficult to control, which may force monetary policy according to this floating scenario by intervening with foreign reserves.” It is an unjustified extravagance in foreign exchange to impose a state of stability in the general level of prices again just to adopt it when exchange rates reach low rates, and no one knows how much they will reach.”

He pointed out that "the difference in the two prices currently, in which the parallel market is gradually approaching the official market, did not come about due to the short supply of foreign exchange at the Monetary Authority, but rather came about due to a sudden external factor imposed by the compliance platform and administrative audit restrictions on external transfer movements, which is a matter related to the deficit in the authority's reserves."

Cash is about bringing the two prices closer in light of a very high level of foreign reserves. The commercial efficiency of those reserves is the highest in Iraq’s financial history, and they are covered in foreign currency that touches more than 16 months of imports compared to the global standard of three months of imports.  link

"IRAQI BANKS GO DIGITAL" BY GOLDILOCKS, 2 MAY

GOLDILOCKS

Iraqi Banks go Digital:

"His advisor: Al-Sudani succeeded in digital transfer in banks"

This is really good news for our investment. The Iraqi banks are now capable of digital transfers. When Iraq regulates their digital economy after MICA is finished (5-28-24) and Stablecoins become law on June 30th, 2024, we will begin looking toward credit valuation adjustments across the globe.

The difference this time around is that Iraq will be included. We still have to see what that means when we get to Q3. There will be many assets being refactored into the new economy after these dates. 

© Goldilocks 

https://www.mawazin.net/Details.aspx?jimare=247128

Coffee with MarkZ. 05/02/2024

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: A bright and beautiful day to everyone today

Member: Is anything good happening…..we hear so much about the bad stuff?

Member: Everyone thinks nothing is happening but everything is happening!

MZ: Today we focus on basic questions and people new to the reset idea

Member: So it’s a Back to basic MarkZ podcast this morning

MZ: It’s been very quiet on the RV side …bond folks – many have done what they need to do prior to the trigger being pulled. Some still have ongoing contract meetings ect….throughout the rest of this week and next week.

MZ: Iraq has been quiet since they told us to expect a rate change in their markets …and its now up to the CBI as to “when”. …then they went quiet. They did let us know recently that they have a new banking system prepped and ready to go. And they have distributed millions of cards to people  to use for banking. 

​​Member: It has been quiet now since????? Wondering how long we will be quiet??

MZ: Quiet is not a bad thing right now. 

Member: I want it to be quiet because that is when it will go. I don't expect them to give us any warning what so ever

Member: Does a rate change need parliament approval or just CBI governor announcement?

MZ: According to parliament and the president of their country it only requires the CBI governors announcement. The government has already done everything they needed to do. We heard this last week. 

Member: Today starts Basel 3 and ISO20022 let’s see what happens!

Member: Would someone please explain Basal 3 ? I'm sorry if this is a repeat. Thanks.

MZ: In a nutshell-Basel 3 is stricter reserve requirements for banks so that they are better able to deal with downturns. or loses or problems in the markets. They have to have more assets in order to pay share holders, depositors ect…… .to have enough reserves in case there is a problem . But imo…its not enough reserves….but its more than what they required before. 

Member: Keep your eye on Xrp today. Ripple loves Thursdays .

Member: Is the Iraq rv just like the Kuwait RV?

Member: Kuwait didn’t delete zeros. They reestablished their values based on their own commodities. Sound currency based on commodities! Iraq and all countries have been destroyed by the industrial complex.

Member: Is the irs gonna make us pay capital gains tax after exchange??

Member: Some people say yes….some say no. I exchanged currency from many countries while traveling and have never had to pay taxes when I exchange it for USD. 

Member: Could Iraq lop the zeros off and then what we hold is worth nothing? 

MZ: Sudani has said no. The man – Dr. Shabibi who designed the RV said no….Anyone in pretty much every level of authority in Iraq has said no. 

Member: I sure hope redemption folks are working this weekend

Member: MarkZ - just got email from my CU - they will announce something on May 8 which marks a bold new chapter “seventy years in the making” … I think a new banking system announcement!. 

Member: What questions should we have when we go to exchange? First steps when exchanging?

Member: Go to Dinar Recaps post RV category…lots of tips and exchange questions to ask are posted there. 

Member: With all that appears to be lined up and ready to go would you have an educated guess as to why this hasn't launched yet?

Member: That is the question we all want answered….lol….maybe everything is just taking longer then they thought?

Member: Mark, is it still the case, you will (or should) know processes for our appointments. Possibly within hours prior or after the "Go time"

MZ: I was always told that a few hours prior to this- banking contacts would reach out to a handful of us familiar with the process so that we can help you all be familiar with the process. I am told this is still the plan. We do not get to exchange before you though. 

MZ: I am told I will be able to post whatever numbers and links they send me so you can make appointments and know where to go to exchange.. 

Member: Praying we cross this finish line sooner than later ( as in the next couple of days)

Member: RV is close! My fortune cookie last night said "The star of riches is shining upon you"

Member: Your watching amazing progress happening...more than ever...hang in there...Our Worldwide RAINBOW is AHEAD

Member: Mark I don't understand the continued delays but this show gets me through. Thank you. 

Member: We appreciate your time and patience Mark. Thanks so much and hope all our dreams come true very soon. 

Please listen to entire replay to hear the full Q&A. This is just an overview and not the entire thing. If you are a newby-you should definitely listen to entire replay. Some of your questions could be answered here.