Advisor to the Sudanese: Oil prices still exceed their budget estimates and my effort to make spending to a minimum, 27 may

Advisor to the Sudanese: Oil prices still exceed their budget estimates and my effort to make spending to a minimum

 Financial Advisor to Prime Minister Mohammed Shiaa Al-Sudani revealed features of the financial budget schedules for 2024.

Mazhar Mohammed Saleh told Euphrates News, “The announcement of the variables of the financial schedules for the last year 2024 came undoubtedly identical to the constants adopted by Law No. 13 of 2023, the Federal Public Budget Law (Tripartite), specifically in the axis of the hypothetical deficit of about 64 trillion dinars, and the estimates of the budget tables in the paragraph of the planned deficit have not dis not detray from what was mentioned in the law above.”
He added, “Despite the above, there are important trends in the management of the general budget, whether in the aspect of public expenditures, in which the spending ceiling reached 211 trillion dinars, revenues and the deficit itself, and it is summarized as the foloing:
1- Oil prices still exceed their estimates in the tripartite budget of $70 per barrel and a positive change rate of more than 16% above the approved price above. We are approaching the middle of the fiscal year while maintaining the export rates approved in the budget and managing oil production efficiently and in accordance with international agreements with OPEC on the issue of controlling production shares.
2. There is a high discipline in maximizing non-oil revenues, especially tax and customs, specifically after the adoption of autization, modern methods and information technology in estimation, guessing and tax and customs collection.
3. Seeking to impose discipline on operational expenses and to spend on them to the minimum acceptable limits.
4. Ensuring the efficiency of investment spending and the operation of all approved projects, in order to ensure a high growth rate in the GDP and more than the rate of population growth, by launching the movement of new projects without decline or interruption.
Saleh pointed out that “the pattern of public spending, according to the schedules announced, is characterized by accuracy, objectivity and self-savings, which contributes to reducing the resort to financing the actual deficit even when needed through internal borrowing and with limits that ultimately do not exceed the accepted international standard percentage of financing the deficit, which is 3% of the country’s gross GDP or slightly exceeds.”
He pointed out that “not forgetting that the efficiency of annual exchange in the operational and investment parts is an important issue in determining the total annual year expenditure as planned.”

Raghad Dahham
 

https://alforatnews.iq/news/مستشار-للسوداني-اسعار-النفط-مازالت-تفوق-تقديراتها-في-الموازنة-وسعي-جعل-الانفاق-بالحدود-الدنيا

Coffee with MarkZ. 05/27/2024

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:  Good Morning All!! Thank you for all who have sacrificed their all and to their families 

​​Member: Happy Memorial day and thanks to all of you veterans for your service.

Member: Good mornings Mark and crew!! Been a QUIET weekend on intel. Bring us something good!

Member: Mark what do you think about Iraq saying it will be in the coming days??

MZ:  It certainly is a “push” They are talking about it openly in the Iraqi news. …MilitiaMan did a good job covering this on the weekend. They are blatant on this one “The impending rate change” . They are telling us what they are doing. 

Member: Maybe less talk and more action then…….Let’s Go!!

​​Member: US last for banking changes and tomorrow is our day I believe for faster payment processing? I remember May 28th date.

Member: Frank26 said the parallel market is now even with the official market and we are ready to go to 1 to 1. 

MZ: That makes sense to me. We have been looking for parity in the parallel market and official market …. a number of Iraqi sources would agree with that. That is their goal before they move to their next step, which should be a substantial value change. That is according to them in the white papers and monetary reform papers. You can read it there. 

Member: Even if it’s 1 to 1……that would help many right now in dire circumstances. 

​​Member: I think the Dinar will eventually be between $3.80 to $3.95 value

MZ: Articles in Iraq say clearly that the dinar is going to be worth more than the US dollar. 

Member: Well, with the USD only being worth about 20 cents… it wouldn’t take much for the Iraqi dinar to be worth more

Member: I read that some are saying we should go very soon possibly the 1st week of June 

MZ: Nader dropped a video that is really interesting. Iraq is adding a number of other Arab banks in the country…….This is kind of a way for them to work around the US sanctions on some Iraqi banks. Its a great piece that tells us why it is so important for Iraq to get out from underneath those and have its value change. It is important ((IMO) for Iraq to move quickly on value. 

MZ: I had a great conversation with a person involved with historic bonds yesterday afternoon. We have a few that are expecting spendable dollars Tuesday morning….Tomorrow morning. They were told they would have gotten it today if the banking system was open. 

MZ: These are individual bond holders that are expecting access tomorrow. We should know in the morning if they disappeared (NDA) I am very hopeful about this one. 

MZ: I spoke with a couple people involved with the process and cannot share the specific information – but it was very encouraging. But if what they say is accurate it could put us within days or a week or two at most of us processing and exchanging on the currency side of it. 

MZ: I will try to get clearance to share a few more details in the morning but do not want to get anyone in trouble. . 

Member: It would sure help knowing if this is real and happening right now. 

MZ: I have some interesting news from the group side. Some are hearing nothing yet- and some are being told to prepare for some kind of announcement. I think some groups who have had “leaks” are being held to the end to make sure rumors of the timing is secure. 

Member: I think we will see this happen early June for us. 

MZ: I am kinda of your mindest. I think we will see solid movement before that like historic bonds…..but, it makes sense right now due to where we are in the month. 

Member: Mark Z , what would  Warren buffet value of his $100 million investment be worth after he rvs? And what do you think he invested in for the rv?

MZ: he stands to make about 1.7 billion based on my math.

MZ: “The gap between the rich and poor is larger than ever and frustration is growing to dangerous levels”  This shows us why its so important to reset our monetary system. 

Member: Very interesting yesterday there were 4 cars in front of my local Bank, and looked across the street and saw 4 cars in the Bank parking lot. Very odd at 2:00 in the afternoon on Sunday Holiday weekend

MZ: Today is Memorial Day and banks are closed. The chances of getting more news today is pretty slim…..so thinking of taking the night off unless there is breaking news. 

Member: Much love to everyone today. - keep on being strong in this current war in which we find ourselves

Member: Lord, we are weary, BUT we are ready !! Strengthen our resolve to help make this the world you wanted for us! Lift us up & bless your faithful to go out & be beautiful examples of unconditional LOVE!

GOD BLESS OUR MILITARY ALLIANCE AND VETERANS AND FAMILIES WITH LOVE AND GRATITUDE

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL TOMORROW 10:00 EST ~ UNLESS BREAKING NEWS HAPPENS!

MILITIAMAN : Iraq Dinar - IQD - USD - Exchange Rate Change Inevitable - CBI Launch Na...

Al-Sudani To Plasschaert: The Request To End The Work Of The UNAMI Mission Comes Based On Political Stability In Iraq, 27 MAY

 Al-Sudani To Plasschaert: The Request To End The Work Of The UNAMI Mission Comes Based On Political Stability In Iraq

Political | 11:41 - 05/26/2024   Today, Sunday, Prime Minister Muhammad Shiaa Al-Sudani stressed to the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine-Plasschaert, that the request to end the work of the UNAMI mission comes based on political stability in Iraq.

The Prime Minister's Media Office stated in a statement received by Mawazine News, "Al-Sudani received Plasschaert on the occasion of the end of her work duties, and during the meeting, he expressed the government's appreciation to Plasschaert for her efforts throughout her work in Iraq."

Al-Sudani stated, “The request to end the work of the UNAMI mission comes based on the political and security stability that Iraq is witnessing, and the progress it has achieved in several areas,” noting that “the Iraqi government continues to cooperate with international agencies affiliated with the United Nations, in accordance with the government program.” And its development goals at all levels and fields, especially with the progress achieved in the areas of economic reform and infrastructure reconstruction, and the growing capabilities of our various types of armed forces.”

For her part, Plasschaert renewed her praise for the important steps and promising initiatives presented by Iraq during the last eighteen months, especially in the areas of service provision, infrastructure reconstruction, investment, plans to mitigate environmental impacts, and reduce dependence on imported fuel.   https://www.mawazin.net/Details.aspx?jimare=248651

"WE BEGIN THE PROCESS OF IMPLEMENTING THE QFS" BY GOLDILOCKS, 27 MAY

 GOLDILOCKS

Tomorrow, MICA (Global Regulations) are done. Then, we begin the process of implementing the QFS. It will not be done in one day, but the process begins. 

© Goldilocks

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Goldilocks

“A Bank just told us they are going to move onto the QFS. First action date: June 21, 2024 before 3:00 p.m. MT. Second action date: June 24, 2024 for the remaining steps. It is important to note that this is just one bank’s timeline, but I can’t help from notice that this one is before the June 30th, 2024  lawsthat are taking effect on Crypto regulations and Stable Coins at the end of the month.”

https://dinarevaluation.blogspot.com/2024/05/this-bank-just-told-us-about-when-they.html

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GOLDILOCKS

HKMA Announcement:

"HKMA Updates Social Performance Module (SPM) to Drive Banking Sector Upskilling" 

We have recently been talking about many banks going through logistics training and especially in their foreign currency exchange departments. 

Here, we have a report that Hong Kong is Upskilling their banking practitioners. 

Part of the reskilling of their banking employees deals with The Exchange Stabilization Fund. The ESF deals with three types of assets: 

* The US Dollar 

* Foreign Currencies 

* Special Drawing Rights 

The SDR  is an international reserve asset. It is created by the International Monetary Fund. This particular asset class is a transitional currency. It will help stabilize and redistribute monetary volumes and access expansion to various currencies to aid in the process of moving from a World Reserve Asset to a local currency regimen backed by gold. 

This process will begin to create price pressures on global currencies. Credit valuation adjustments will be a part of this process. 

As of August 2023, the SDR basket of currencies consist of the following percentages: 

* US dollar: 43.38

* Euro: 29.31 

* Chinese yuan: 12.28 

* Japanese yen: 7.59 

* British pound sterling: 7.44

These percentages will shift during the transition as new alliances have been formed the last few years through new trading partners. Don't be surprised if we do not see a digital currency added to this list. 

Hong Kong is an open market economy driven by supply and demand. Currently, the United States dollar is their main asset to drive their Market, but a shift change to a gold backed regimen will immediately change everything for Hong Kong and those who trade with them which is many countries. 

Hong Kong has been through several digital pilot programs and completed many of their projects. They are well equipped for the new shift in our economy. 

China is currently driving the gold market to new highs along with new BRICS Nations. These changes will come at a heavy price on the US Dollars' performance. 

We are in a transition that has taken a lot of time, but the shifts to the global economy are beginning to take a different shape. 

Gold will set us free. 

© Goldilocks

https://www.investopedia.com/terms/o/open-market.asp

https://www.hkma.gov.hk/eng/key-functions/money/linked-exchange-rate-system/how-does-the-lers-work/#:~:text=Under%20the%20Currency%20Board%20system,at%20a%20fixed%20exchange%20rate.

https://www.linkedin.com/company/hong-kong-monetary-authority

https://home.treasury.gov/policy-issues/international/exchange-stabilization-fund#:~:text=The%20Exchange%20Stabilization%20Fund%20(ESF,by%20the%20International%20Monetary%20Fund.

https://www.regulationasia.com/hkma-updates-spm-module-to-drive-banking-sector-upskilling

https://dinarevaluation.blogspot.com/2024/05/about-hkma-announcement-by-goldilocks.html

Iraqi Dinar- Some Critcal News Update About New Exchange Rate Of Iraqi D...

Increase In Sales Of The Iraqi Central Bank At The Dollar Auction, 27 MAY

 Increase In Sales Of The Iraqi Central Bank At The Dollar Auction

Time: 05/26/2024 13:58:24 Read: 676 times  {Economic: Al-Furat News} Sales of the Central Bank of Iraq increased today, Sunday, compared to sales last Thursday, which during its auction for buying and selling US dollars amounted to 277 million.

Today, during its auction for buying and selling the US dollar, the Central Bank sold 281 million, 212 thousand and 839 dollars, which the bank covered at a base exchange rate of 1,310 dinars, for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,305 dinars per dollar in cash.

Most of the bank’s dollar sales went to strengthening balances abroad in the form of (transfers, credits) which amounted to 256 million 72 thousand and 839 dollars, an increase of 90% over cash sales amounting to 25 million 140 thousand dollars.  LINK