Question: "Do you have to change rates before May 9th ascension in the WTO?" No, you can have a membership in the WTO with a low exchange rate. That doesn't interfere with it.
The budget does not need parliament...The budget waits for the exchange rate. The exchange rate is not waiting for it or anything else...The budget is born without them...
Article: "Will the agreements signed with the US Treasury reflect positively on the exchange rates?"
Yeah because they want at least 1 to 1 but they never changed it. They kept it at 1320. I think they're going to come out at maybe 1 to 1.30 or 1 to 1.50 and then float...The only reason they ask this question is because they know the answer to the question!
“Hidden Hands"... An Expert Diagnoses A Strange Growth In The Profits Of Banks Owned By Non-Iraqis
May 1 Information / Baghdad.. The economic philanthropist, Manar Al-Obaidi, on Wednesday reported a “strange growth” in the profits of banks owned by non-Iraqis, warning of “hidden hands” behind it.
Al-Obaidi said in a publication seen by “The Information” that
“the profits of banks owned by non-Iraqi parties, according to the first quarter data, show significant growth and numbers that are strange for any sector,” wondering,
“Is it normal for any project to achieve annual profits amounting to 100% of the capital while Other banks are suffering, and
is it normal for a bank whose maximum profits in previous years did not exceed the barrier of 10 billion dinars as a maximum amounting to more than 300 billion Iraqi dinars within a year?” He added,
"It was a true success story based on free competition without external interference.
Of course, we are with it, but we fear that there are hidden hands that intended to make these particular banks achieve profits without others," noting that
"one of the banks' expected net profit in 2024 will be 100%." % of its capital and the amount of cash credit granted by it does not exceed 2% of its total assets. Ended/25 hours
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 Evening to all
Member: So what’s new today Mark?
MZ: Well some chatter from another different contractor that is hearing the same as the previous contractors. So, multiple confirmations that are hearing a range of rates from the mid to upper $3.s.
MZ: They work in different industry’s in different companies….and they think it will be extremely soon.
Member: Doesn’t the rate have to change by the 9th?? Iraq joining WTO
Member: We all hope and pray they do.
Member: Mark has Iraq checked all the boxes needed for RV?
MZ: That is the question? Is there an opportune time for them to pull this thing?
Member: Mark, Would that $3.90 rate include the “oil for dinar” contract rate? Is that still on the table for us?
MZ: I am told no- that would not be our contract rate…that would be the street rate. ..and yes I am told the contract rate is still very much a thing and expected to be more than the street rate. .
Member: I would absolutely take the street rate if it was right now.
MZ: I’m with you.
Member: Are the bonds being paid out in the new dollar? If that’s true then shouldn’t CMKM start to be paid out since 30 plus percent has been paid out by now????
MZ: No new news from bond people today.
Member: I drove by a chase location this morning and saw a security guard holding the door for a lady leaving but then looked like he was staying posted at the door.
Member: I heard Banks must comply with basel 3 by May 2nd. (tomorrow). More banks’ failure coming.
MZ: “ Republic’s first seizure signals more bank failures to come” They have already told us more banks will fail. The FDIC is going to be hard pressed to bail everybody out.
Member: Went to my Bank today. They are excited about the new Currency
Member: Would love to see what they look like.
Member: (From Dinar Guru) Mnt Goat …What will May bring us investors? I have to tell you that April’s news was amazing and I don’t know how the news can top last month except maybe give us what we are looking for. Am I saying its going to RV in May? Of course not…no one knows the date of this event…Does it seem that we are very close? Yes, it seems this is just around the bend and the finish line is in our sights. …there is a huge glimmer of hope we could see the RV very soon.
MZ: That’s a great one from Mountain Goat. I am glad you shared it. We just need to hang on until we cross the finish line.
Member: If I’m out of the country for the RV and have a few IQD on me- will I be able to exchange those to get back?
MZ: Absolutely
Member: We so very, very, very, VERY much appreciate all you do for us. Mark
Member: Thanks to all. Everyone enjoy your evening.
CBD Guru’s join the stream tonight. Please listen to the replay for their information.
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
An Economic Planner Is Trying To Normalize Iraq... And Jordanian Banks Are Taking Care Of It
May 1 Information/Report.. Despite the sanctions affecting more than thirty Iraqi banks, the government did not work hard to lift the sanctions against them and is trying to replace them with Jordanian banks that arouse suspicion and suspicion because of their owners.
Four Jordanian banks were pushed by America into Iraq in an attempt to control the Iraqi economy from Another chapter on the government's unconsciousness and duplicity regarding the Central Bank of Iraq's dealings with granting licenses to foreign banks on the one hand and punishing local banks on the other hand.
Experts' concerns indicate
complete control over banking and the benefit of the Jordanian economy at the expense of Iraq, and
American hegemony over the Iraqi economy may appear in a new form.
*An American game.
Speaking more about this file, the representative of the Al-Fatah Alliance, Muhammad Al-Baldawi, revealed the existence of an American game to change the facade of banking in Iraq by pushing Jordanian banks into the arena.
Al-Baldawi says, “America is trying to change its approach to controlling the Iraqi economy by imposing sanctions on Iraqi banks and introducing Jordanian banks, which is planned,” noting that
“attention must be paid to the suspicious role that America is playing in trying to control the Iraqi banking sector and hold it hostage.” With external banks. He adds,
“This game goes towards matching the visions of the Jordanian and American authorities,” noting that
one of the banks is owned by a person of Zionist origins. Lifting sanctions on Iraqi banks by the American side.”
In addition, economic expert Ahmed Abd Rabbo confirmed that the Central Bank of Iraq works duplicatively in granting licenses to foreign banks and imposing sanctions on Iraqi banks.
Abd Rabbo said in a statement to the “Al-Ma’louma” agency,
“The work of the Central Bank of Iraq carries a great deal of duality between local and foreign banks, especially Jordanian ones,” noting that
the Central Bank granted licenses to four Jordanian banks: Housing, Jordan, Al-Ittihad, and Al-Arabi.” He continues,
"Granting licenses to these banks means losing control over the banking business in Iraq," stressing that
"Jordanian banks swallow up Iraqi banks while local banks face American sanctions." Abd Rabbo continues his speech:
“The management of the Central Bank has not succeeded in dealing with this important file, and it may pose a threat to the Iraqi economy,” pointing out,
“We have repeatedly called for changing the governor of the Central Bank of Iraq, but to no avail.”
Specialists believe that the economic file cannot be handed over in this way, as
it is a sovereign matter that affects the security and economy of the state, with the invasion and penetration of these banks into the economy in a large way that may make the Iraqi economy hostage to the Jordanian banks.
It is noteworthy that America imposed sanctions on 34 Iraqi banks in order to limit the Iraqi economy, and pushed the entry of Jordanian banks, which numbered four banks, into Iraq to fully control the Iraqi economy amid the negligence of the Iraqi government. Ended 25\c
Tues. 30 April Dawn Saddleup on Telegram: One banker in Texas with contacts n Iraq says in country IQD RATE is $3.91. It will float. On Wed. 1 May Turkey will start energy pipelines flowing to Iraq so they say Iraq can’t do that unless it changes the rate of Exchange. Things are moving. Pray God’s intervention in this. As so many are hurting and so many want to Give A lot!
Tues. 30 April Wolverine Colombia: “As of this morning Tues 30 April at 10 amBonds Holders from Argentina, Brazil, Ecuador and Peru were going to Bogota, Colombia to get exchanged. We know that the process has started and certain people were being paid.
Tues. 30 April Bruce: The Global Financial System and Global Emergency Alert System have been connected globally. Nesara/Gesara should be announced around Thurs. or Fri. 2, 3 May. We should get our R&R allowances and increases in Social Security in May.
