FRANK26: "74 MILLION DINARS... 80 TRILLION DINARS... IT IS A CONSTANT POLICING FOR THE MONETARY REFORM SUCCESS"...........F26
Watch the raid on a currency smuggling den and the arrest of two speculators in possession of 74 million dinars
6/8/2024
Baghdad –
Today, Saturday, the National Security Service raided dens of speculation and currency smuggling operations in Baghdad, arrested suspects, and seized more than a million dollars in their possession, and about 74 million dinars prepared for smuggling.
National Security Statement, a copy of which the 964 Network received:
As a continuation of the security operations carried out by the National Security Service against economic crime gangs and currency dealers, our detachments in Baghdad were able to arrest two defendants after raiding one of their hideouts in which speculation and currency smuggling operations were conducted. They were caught red-handed and in possession of more than a million dollars and approximately 74 million dinars prepared for smuggling after an intelligence effort and careful field follow-up.
They were referred, along with the seized items, to the competent judicial authorities to take the necessary measures against them in accordance with the law.
"China has diversified its holdings by selling $53.3 billion worth of US Treasuries and agency bonds. This adjustment aligns with BRICS nations gradually broadening their investment portfolios since 2022."
China is moving away from buying US Treasuries to Global opportunities that will expand the Chinese Yuan and the BRICS Nations coalition.
This is all part of leveling the playing field from a World Reserve Currency to payments transacted in local currencies.
This shift will increase the demand for their own currency and make available higher exchange rates with China and whoever they trade with going forward.
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: Welcome bank Mark……
MZ: I will be here for a short time this morning…..then Zester will come on with StacieZ wrapping it up.
Member: Hey Mark glad your back what are your thoughts on how they end of petro dollar will manifest in the market and economy?
Member: Wonder how long they are going to keep kicking the can on this rv?!?!
MZ: On the bond side-I have a number of historic bond contacts apts. starting late this afternoon through Wednesday morning. They expect a 1% payment. There are a lot of expectations.
Member: Mark If Bond people get their 1% as rumored, how would you see it rolling out for us briefly hypothetically?
MZ: If they get their 1% this means things are well underway and we should have a better idea on what to expect for the currency side.
MZ: The news throughout the weekend remains positive. We are playing the “wait and see” game to see if those bond dollars start to move.
Member: What’s your gut feeling about this RV happening before next weekend?
MZ: Nobody knows the timing but we think it’s going to be soon…. I have a lot of contacts who believe it is absolutely going to happen this month….and definitely before the 4th of July. Just stay grounded.
Member: What’s holding up the RV? Our Credit Union is still down due to “core” software updates starting last Friday. Lots of RV signs but what about the “you have arrived sign”?
Member: No announcement of rate in the Gazette I am guessing. Will we ever get to the finish line?? Almost like they are torturing us on purpose sometimes.
MZ: There is still an excellent chance we will get to quietly go and exchange before the rate is published in the Gazette. They are certainly trying to keep it quiet….just like they did with Kuwait when they silenced communication out of Kuwait for over a week before the rest of the world got to know….. But I don’t think this could happen in today’s world and the internet
MZ: Iraq had a good sit down meeting this weekend with the International Finance Corporation. They are on the world stage now. Everything is going really well in Iraq.
Member: Everything except the RV.
Member: Frank26 said last night that the HCL was agreed on
Member: I really wish there was more RV news.
Member: Maybe the quiet is what we need…..for the RV to pop????
MZ: “ Leaving the US dollar behind- embracing digital currency-opinion” This is interesting from the Jerusalem Post . A digital currency could be the best thing or the worst thing depending on whether it is fiat or backed by assets.
Member: People are waking up to the potential of change and different currencies. This article talks about blockchain and our changing system. The Quantum system…..or the quantum protected system. We see the change coming all over the world.
Member: Spoke to my BofA Bank Mgr and asked him questions point blank: are the new currencies in place. Yes. Delivered? In the vault? Yes. Are you aware of the QFS switch from Swift? Yes. Date? They’ll tell us
MZ: “Putin urges major expansion of Russian financial markets, cutting use of Western currencies.” They are expecting less then half the world will be using the USD before the year is out. Most of Russia’s external trade is done in rubles.
MZ: “China’s new investment play is shifting away from US treasuries to global opportunities” We have all been told we will see the dumping of US treasuries…and we are seeing that now. China is dumping them.
Member: Jim Willie says Dong is going first due to China’s control over it. I’m all for that!
Member: Well somebody needs to start- and maybe the rest will follow?
Member: 2 weeks ago wells verified my currency and said soon we will be able to exchange. From a wm that has been there for 30 years. Good guy
Member: My local Wells Fargo stated they are not allowed to trade 2 currencies right now. those currencies are the Dong and Dinar
Member: If it floats – will we need to put our funds in multi currency accounts?
MZ: If it is some kind of float you will hear all of shouting “multi-currency accounts” But, its not expected to float….It is expected to be based on a gold/asset standard …but if it does…we will be prepared.
Member: Frank and others say it will float……guess we should hope for the best and prepare for the worst.
Member. At least if it start as a float- they are finally doing something……and we will just have to adapt. Somebody needs to do something….even a float is better then what they have now.
Member: So so so much disclosure happening lately. It’s so exciting to watch especially when ones eyes are open!!
Member: If this is a movie then I’m ready to read the credits!!
Member: my bank account keeps saying it's hungry and wants to be fed now hopefully soon
Member: We are all weary and frustrated but keep the faith- the best is yet to come.
Member: Skye Prince has a voice message out that we could be hours away!!! Let's all pull together to manifest what we know is coming
Member: thank you pdk we have the too long dint read version of this. not always able to hear calls. thank you PDK.
Member: And thanks Mark, Mods, Zester and Stacie…….everyone enjoy the rest of your day.
Zester and StacieZ join the stream . Please listen to the replay for their information and opinions.
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
ZiG Zagged: Zimbabwe Central Bank Ironing Out Wrinkles In New Currency
Zimbabwe Gold (ZiG), the new currency that evolved from a gold-backed token, has performed well on the foreign exchange market, but has faced difficulties at home. The ZRB announced new steps to combat the black market for the currency and improve its usability on June 4.
The Zimbabwe Reserve Bank (ZRB) appealed directly to the public via its X account to urge people to turn in illegal currency traders or businesses that refuse to accept its new currency. This was part of a continuous effort to combat illegal foreign exchange trading, sometimes at unofficial rates. According to Bloomberg, the ZiG has gained 1.9% against the United States dollar since its introduction in physical form.
ZiG introduction has mixed success
On May 15, South African-based Crime Watch Zimbabwe reported that police in Zimbabwe had arrested 224 illegal FX traders, and the RBZ Financial Intelligence Unit (FIU) froze 90 bank accounts and fined 40 people. The FIU was also monitoring activity in bank services to uncover evidence of illegal ZiG dealing.
The organization reported that the crackdown resulted in “a significant decline in the number of illegal money changers operating in the Central Business District (CBD) [of the capital Harare] and surrounding areas.” Judging from the June 4 RBZ X post, the struggle continues.
Apparently, a lack of coins is another issue troubling the central bank. “The Bank particularly seeks to expand economy-wide availability of small change in the following denominations, ZiG1, ZiG2, ZiG5, ZiG10,” the RBZ stated in an X post that went up several hours after the message about illegal traders.
The RBZ also said ZiG cash would be available for withdrawal from the government-owned Homelink financial services company using debit cards in seven cities beginning on June 10
, and other financial institutions would offer the service in the future.
ZiG gets mixed reviews
The ZiG is Zimbabwe’s sixth currency in 15 years. It is backed by gold and foreign currency but began as a digital currency tied to the price of gold. It was introduced in physical form in April and was greeted with a mixed response from the public.
Source: The Zimbabwean Patriot
The gold-backed token, now called the GBDT (gold-backed digital token), was doubted and criticized because of its resemblance to central bank digital currency.
The GBDT now functions as an “investment instrument” separately from the physical Zig.
Several foreign currencies are still legal to use in Zimbabwe.
FRANK26:"ONLY BECAUSE OF A NEW EXCHANGE RATE".............F26
Parliamentary Services: The government has completed 65% of its program, and the next stage will include new projects
6/8/2024
The Parliamentary Services Committee confirmed today, Saturday, that the current government has completed 65% of its service program, pointing out that the next stage will include the entry into force of new projects.
Baqir Al-Saadi, a member of the Parliamentary Services Committee, told Al-Furat News Agency, “The current government has completed 65% of its service program, as service and housing projects have been started, the completion rate of which has reached approximately 20%.”
He added, "The next stage will include the entry into force of new projects from the 2004 and 2025 plans, and reconstruction will begin as soon as possible, in addition to allocating financial sums in the budget, which amounted to 2 trillion dinars, in addition to the amounts allocated from the Food Security Law, which reached the share of projects in the southern governorates." 27 trillion dinars.
He stressed, "The current budget is large and specializes in the service aspect."
