"SUDANI PREPARES BARZANI FOR THE NEW EXCHANGE RATE" BY FRANK26, 16 MAY

KTFA

FRANK26: "SUDANI PREPARES BARZANI FOR THE NEW EXCHANGE RATE".........F26

The Iaqi government discusses the transfer mechanism in the Kurdistan Regional Government's budget allocations

5/15/2024

Deputy Prime Minister - Minister of Planning, Muhammad Ali Tamim, chaired, today, Wednesday, a meeting of the committee concerned with reviewing the schedules of the federal general budget for the year 2024.

A statement issued by the ministry stated that during the meeting, a number of files on the agenda were discussed, including a discussion of the mechanism for transferring Kurdistan Regional Government allocations within the budget tables, especially with regard to employee compensation, social care, and regional government revenues, and the mechanism for handing them over to the federal government, as stated. In the decision of the Federal Court, the Financial Administration Law, and the State General Budget Law.

According to the statement, the meeting also discussed maximizing revenues to reduce the percentage of the deficit contained in the general budget by creating legal texts to include electricity sales and local oil sales as revenues in the budget tables.

The meeting was attended by: Deputy Prime Minister, Minister of Oil Hayan Abdul-Ghani, Minister of Construction, Housing and Municipalities Benkin Rikani, Minister of Electricity Ziad Ali Fadel, Head of the Financial Supervision Bureau, Ammar Sobhi, advisors to the Prime Minister for legal, economic and strategic affairs, and the head of the Legal Department in General Secretariat for the Council of Ministers.

The Kurdistan Regional Government delegation participated in the meeting, which included the Minister of Finance, the Chairman of the Regional Council, the Cabinet Secretariat and the head of the Coordination and Follow-up Department.

Yesterday, Tuesday, a delegation from the Kurdistan Regional Government arrived in the capital, Baghdad, to discuss the 2024 budget.

The Kurdish delegation's visit coincided with the arrival of Kurdistan Region President Nechirvan to Baghdad and his meeting with Federal Prime Minister Muhammad Shiaa al-Sudani.

Yesterday, May 14, Prime Minister Muhammad Shiaa Al-Sudani directed that an “extraordinary” session of the Council be held next Sunday, to discuss the federal budget schedules for the year 2024.

The Minister of Endowments and Religious Affairs in the Kurdistan Region, Pashtwan Sadiq, said last Thursday, the ninth of this month, during a press conference held in Erbil, the capital of the Kurdistan Region, and attended by Shafaq News Agency, “We will continue dialogues with the federal government, and we are confident that we will be able to resolve the issue of salaries and others.” One of the problems based on the Iraqi constitution.”

He added, "In the coming days, a delegation from the Kurdistan Regional Government will go to Baghdad regarding technical issues."

LINK

"ABOUT THE hypothetical Market Crash: WILL IT? WON'T IT? FROM GINGER LOUNGE ROOM ON TELEGRAM, 16 MAY

GINGER

Enlightening discussion in GLL chat among family today in regards to the hypothetical Market Crash. Will it? Won't it? Thank you kindly Liberty Loungers Extraordinaire 💥 for your super insights! 5.16.24 

 FilAm, Admin: I'm gonna go on record, It's not going to crash. The WHs are not going to let it happen, the idea of a stock market crash is a narrative fed to us by the DS to keep our vibrations lower collectively. In fact, I can see a transition with a very relatively smooth, orderly fashion.

Christina Cats: I agree 💯. I follow Elena Danaan & she has been consistently saying no crash. Alliance is in control of this situation & their view is we people of Earth have had so much distress & crashing the market will cause much chaos. Also Tarot by Janine did a reading more than once about the market crash etc. 

Cards showed over & over no crash but what has been happening is Alliance is strategically & carefully taking out DS hold on the stock market. Look how many DS players “sold many shares of their stock” over the last 6 months. 

No fear. No panic. 🫶🏼✌🏼

Pops Call: I agree with you. This is a transition. the crash narrative was on the table, if you look at this from a military perspective. it was an option, and influenced by the BH. As we can now see, the precision of this operation, as daunting as it is, is being executed with a transitional objective. If we consider what goldilocks posts, and other market indicators, and reliable news sources, we see a transition.

 Transitions take longer, but the casualties are less. Imagine if we did have a collapse. look at the chaos that would ensue. the destruction, casualties, turmoil. It's painful to us because we see it, but the "normies" still don't see, until we are there. And that is our objective, to be there with our experiences to pick them up when they fall apart.  From the 40k view, this is the most phenomenal mission ever undertaken, with no room for failure. IMHO

Responding to ur comments over the review of Economic Ninja also a surpr...BY PIMPY

"BECAUSE THEY KNOW THE TRUTH OF THE MONETARY REFORM". BY FRANK26, 16 MAY

 KTFA

FRANK26: "BECAUSE THEY KNOW THE TRUTH OF THE MONETARY REFORM"........F26 

Al-Sudani briefs Washington on economic and financial reform efforts and calls on its companies to invest in Iraq

 

5/15/2024

 

On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani briefed US Assistant Secretary of State for Energy Resources Affairs Jeffrey Payette on the government’s efforts and steps in the field of economic and financial reform, calling on American companies to work and invest in Iraq.

In the meeting, which was attended by the US Ambassador to Iraq, the most prominent files of cooperation in the field of energy, in all its forms, and ways to develop it were reviewed, in a way that contributes to achieving common interests, according to a statement issued by Al-Sudani’s office and received by Shafaq News Agency.

During the meeting, Al-Sudani stressed the government’s keenness to implement its executive approach within the axis of achieving energy self-sufficiency, in the areas of exploiting locally produced natural and associated gas, generating electricity, providing petroleum derivatives, and producing chemical fertilizers and petrochemical materials, pointing to the memorandums of understanding that were signed during his visit to The United States of America last April, which is being implemented on the ground.

Al-Sudani pointed to the government's efforts and steps in the field of economic and financial reform, especially in the areas of tax, customs, and the banking sector, and completing the elements of the ideal investment environment, calling on American companies to work and invest in Iraq.

For his part, Payet praised the efforts of the Iraqi government in developing the energy sector. He also referred to the joint statement of the Prime Minister and US President Joseph Biden, which represents a road map and framework for fruitful work and cooperation, stressing the desire of American companies to invest and expand their activities inside Iraq.

LINK

"QFS CONVERSATIONS" WITH GOLDILOCKS, 16 MAY

 GOLDILOCKS

"Iraq's central bank, the Central Bank of Iraq (CBI), has been buying gold since 2022 to diversify its foreign assets."

Every time Iraq buys more gold. They are adding more value to the net worth of their currency. 

"When gold is set free, so are we."

© Goldilocks

https://www.iraqinews.com/iraq/iraq-maintains-its-30th-rank-with-the-largest-gold-reserves/#:~:text=Baghdad%20(IraqiNews.com)%20%E2%80%93,rest%20of%20its%20other%20reserves .

---

"Based on the decision of the Board of Directors of this bank No. (191) of 2023, it was decided to give the mediation companies that buy and sell foreign currencies under category (C) to merge to be classified as (A) or (B) until 3/31/2024."

Do you remember this article from the CBI? I remember talking with you about this particular article and how it was a reclassification of the Iraqi dinar. There is more information that is important for us to know at this time, so I have saved it to share with you now. 

Moving to an A/B from a C classification essentially means that holders of the Iraqi Dinar is now a registered security. Registered Securities are freely tradable, and they can be sold to public investors on a much more broader scale.

Banks are generally owned by stockholders. This is what forms most of the Equity Capital that comes into a bank. Our foreign currency exchange with banks helps to build liquidity for them and the markets.

Since banks are privately owned for profit institutions, this makes our foreign currency exchange with them a private exchange. 

Jester and Freedom Fighter do a "Saturday Night Live" call each week to explain the importance of getting to know your "Relationship Managers" whom will participate in your exchange at some level, and they will continue to participate in your banking success through periodic reviews of your account.

Each week, Freedom Fighter and Jester have live conversations with people who are going out to establish banking relationships that will guide them in the exchange process, and they come back to tell people what they found. 

You do not want to miss these calls. 

© Goldilocks 

https://www.sec.gov/Archives/edgar/data/1433270/000110465916164292/a16-23910_1ex4d3.htm

https://cbi.iq/news/view/2491

https://content.next.westlaw.com/practical-law/document/Ibb0a1060ef0511e28578f7ccc38dcbee/The-Mechanics-of-A-B-Exchange-Offers?viewType=FullText&transitionType=Default&contextData=(sc.Default)

https://portal.ct.gov/dob/consumer/consumer-education/abcs-of-banking---banks-and-our-economy#:~:text=While%20public%20policymakers%20have%20long,bank's%20ultimate%20buffer%20against%20losses.

https://wise.com/us/blog/us-foreign-currency-account#:~:text=Standard%20US%20bank%20accounts%2C%20like,can%20hold%20foreign%20currencies%2C%20too.

https://www.investopedia.com/terms/c/capitalmarkets.asp#:~:text=The%20term%20capital%20market%20is,foreign%20exchange%20(forex)%20markets.

This is very iqd good news by Nader from mid east

Coffee with MarkZ. 05/16/2024

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: Dream your own dreams, achieve your own goals. Your journey is your own and unique

Member: Good Morning Everyone! Have a Terrific Thursday!

MZ: Are you guys ready- are you paying attention and waiting for big announcements or “extraordinary  plans” to be revealed  in Iraq on Sunday-   according to Sudani ?

Member: Not expecting so I can be pleasantly surprised….

​​Member: Mark Sunday will be my 70th birthday. I am expecting the RV to be announced. Thank you , Lord!

Member….MilitiaMan also mentioned this last night. 

MZ: MM had a good solid video last night….Hope you all listen…… He talks about “Extraordinary  Plans” to be announced –according to Al-Sudani.   On Sunday. Now this has something  to do with the budget. Finishing the 2024 budget.

MZ:  I tell you what- announcing a different rate would sure fix all of those problems including the budget

MZ: We are all praying this means something big. Lots of progress internationally  and MM also talks about the impending ascension to the WTO. 

Member: it seems that sudani is under enormous pressure to pull the trigger.. but I'm sure he's making sure that there's no hiccups".

MZ: I continue to hear great things from banks as they continue to train. They say it means we are close but I don’t know what that means timewise 

Member: Close is one of those words I never want to hear again after the RV. Close does not seem to mean what we used to think it meant. 

MZ: “Russia endorses Vietnams future participation in BRICS: Russian ambassador” This is the world doing the fundamentals it takes to change their currencies. We are seeing a seismic shift from fiat back to commodities. This is a big piece of news. And Vietnam is pushing toward that end…like Iraq and it’s with or without the US. . 

Member: Putin said 80% of trade between Russia and china is traded outside the USD

Member: Hey if Vietnam wants to go now I won't stop them

Member: Since Vietnam is doing so well financially on their own, I wonder if  its  possible that vnd could go higher than 50% of iqd?

Member:  has there been a change in how they'll send notifications for redemption center appointments? 

Member: I firmly believe we will not really know until it happens. No sense worrying about something we have no control of. 

Member: Will the VND go at the same time as the IQD?

MZ: We still expect them to go at the same time. 

Member: Could we be in the banks next week?

MZ: If we get a rate on Sunday- IMO we could be in the banks next week. 

Member: Please. Please. Please. let this be our time! I

​​Member: Happy birthday to all celebrating

Note: Marks podcast froze today…..blacked out. for awhile. Technical difficulties?

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