As most know our Saturday is Iraq's Sunday. The new Budget was included in the latest Gazette but the rate was not given. I now have it from 3 different sources that Iraq is planning a nationwide celebration for this Sunday.
There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM's with the new currency will be opened. So this is my hoped for announcement for tomorrow. GOD Bless.....
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Just an FYI but I closed the room after the comments about Gurus and MarkZ, this room is for my connections with major international bankers and NYSE upper management as well as a WF banker involved with actual exchange centers his bank has prepared to do actual monetary exchanges of currencies.
I plan on advising once the exchange platform is about to begin so we will have an advance alert.
Iraq and Britain discuss preparations for Sudanese's visit to the United Kingdom and ways to enhance partnership and cooperation between the two countries
A statement by the Ministry of Foreign Affairs stated that during the meeting, they discussed strengthening relations between the two friendly countries and discussing issues of common interest, as the Undersecretary pointed out the importance of working to develop frameworks for cooperation in various fields, noting that the two countries are linked by relations of common interests in various economic, political and strategic fields.
For her part, Cave pointed out, during the meeting, to the ongoing preparations for the visit of Prime Minister Mohammed Shia Al-Sudani to the United Kingdom, and ways to enhance partnership and cooperation between the two countries.
She also expressed her thanks and appreciation to the Iraqi Ministry of Foreign Affairs for its continuous support and assistance in overcoming the obstacles facing the embassy in Iraq, and praised the role of the ministry in enhancing cooperation between the two countries to achieve common goals. LINK
Wed. 26 June 2024 Texas Snake: Wolverine confirmed my Intel that the exchange process will begin in China move eastward to Europe and then to the US. As most knowour Saturday is Iraq’s Sunday.
The new Budget was included in the latest Gazette but the rate was not given. I now have it from three different sources that Iraq is planning a nationwide celebration for thisSunday 30 June.
There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM’s with the new currency will be opened. So this is my hoped for announcement for tomorrowSat. 29 June. GOD Bless.
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Wed. 26 June 2024 Texas Snake
Well it looks like Wolvie was right.
The call confirmed what I had posted earlier plus indicated the exchange process will begin in China move eastward to Europe and then to the US.
They anticipate a start soon but cannot confirm the exact start date.
They are also positive we are almost there.
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TEXAS SNAKE
!3.31 in country to start then upward valuation.
Well the call confirmed what I had posted earlier plus indicated the exchange process will begin in China move eastward to Europe and then to the US and they anticipate a start soon but cannot confirm the exact start date.
They are also positive we are almost there.
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Texas Snake,
[06/21/2024, 6:30:45 p. m.]:
It's been awhile since I last posted however I only post when the info is confirmed.
Well the WF Banker responsible for 5 states exchange centers has advised that all his trained specialists will be on a one hour call to their assigned positions all this coming weekend and were cautioned this event could very well be activated so they should be aware of their duties for the next several weeks.
First they schedule appointments then they operate the necessary machinery at the various banks to complete the exchanges for US currency.
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Well one item that was confirmed during the call is that there were hundreds of ATM machines positioned all over the city and loaded with new lower denomination notes. They anticipate this weekend or during the Holy Week celebration.
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Texas Snake, [06/21/2024, 6:30:46 p. m.]:
It's been awhile since I last posted however I only post when the info is confirmed. Well the WF Banker responsible for 5 states exchange centers has advised that all his trained specialists will be on a one hour call to their assigned positions all this coming weekend and were cautioned this event could very well be activated so they should be aware of their duties for the next several weeks.
First they schedule appointments then they operate the necessary machinery at the various banks to complete the exchanges for US currency.
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
MZ: The first 45 minutes we spend with the CBD Gurus, go to the 45-minute mark for the news. Lower denominations being dispersed in July, and whatever else comes up.
Member: good Morning and Happy Weekend to everyone
Member: does Iraq have their new rate in the budget published this morning?
MZ: No I do not believe there is a new rate in the Gazette this morning. I am not expecting one till Wednesday . I have heard that Sudani has signed off on the budget and it is supposed to be headed to the Gazette . There was some hope it would be printed this morning.
MZ: Something fun popped into the news yesterday- both from banks and exchange locations in Iraq. There was a notice that they are expecting distribution of lower denomination bills in July.
MZ: Both of the confirmations I received this morning from contacts on the ground inside of Iraq used the same words that they were told to expect them to distribute/disperse lower denominations in July.
MZ: That tells us how stinking close we are. The only thing that could make me happier to hear is the RV announcement and us getting to set our exchange date .
MZ: So they started yesterday telling everyone they will see lower denominations in July. Why would they need theses lower denominations unless the currency is worth more?
MZ: The month of July starts tomorrow in Iraq. I anticipate a lot of movement in the month. They continue to educate businesses in Iraq on pricing structures …so that when there is a value change of the dinar….they will be able to reprice goods and the consumers will be able to adjust spending
MZ: So for me that is our biggest news out of Iraq overnight. July is looking exceptionally good.
Member: so it looks like we may have “Christmas in July” afterall…. Lol
MZ: Could bei cannot imagine releasing ower denominations months before a value change.
Member: Frank26 says lower denoms come out the same time as the value change.
MZ: Bond folks have been very quiet overnight…..
MZ: Heading stateside tomorrow for July 4th and some medical things…….so the next podcast is from the US
Membr: Safe travels Mark….and thanks for the wonderful news from Iraq.
Member: Everyone have a wonderful weekend…..hope its our last weekend broke.
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So sorry Mr /Mrs intel Guru…. no RV rate in the budget (Just as I have been telling you there wouldn’t be, also no RV to cover the deficit either…lol..lol..
And last I want to cover this stupid intel guru notion one more time. The notion that there is a new RV rate in the budget is silly and sad. Like I said way back in 2023 even before the budget was finalized that there would NEVER be an RV rate in any budget. Why? Because the Iraqi budget is based on the selling price of a barrel of oil and not their currency rate. Get it! Why is this so hard to believe me? It is like comparing apples and oranges. Get it? Budgets are based on revenues not currency rates.
Then there was the other stupid theory or rumors that the deficit of about 65+ billion was going to vanish because of the RV and the currency would be worth more, thus erasing the deficit. Again just more speculative bullshit without any sound proof or evidence of what is said. Oh.. but that sums up guru talk doesn’t it? Again, how stupid and only shows the ignorance of these so-called self-proclaimed intel gurus out there. No FACTS just RUMORS and they are not shy on taking your money either for their bullshit.
So, let’s look at the FACTS about the budget:
The “tripartite” 2023-2025, yes the three budget, is a flexible budget and I also have been saying this for over a year now since they told us this too way back in 2023. Why didn’t all you gurus just read the articles? Why do you have to lie to your audience or just make up the news? Are you really that dumb?
I am presenting again yet another more recent article on this topic of the “tripartite” budget to you today and they explain it yet even i more detail. This three-year budget has built in flexibility. They can spend the money or not. They can complete all the projects or not depending on if, and only if, the oil sales are as projected, and the price of oil stays at or above the set criteria as stated within the budget. Again, it says absolutely nothing about using any dinar rate increase (RV) to cover the cost of any deficit. In fact, the deficit is “not even real” since it is not fixed, meaning the budget is flexible. Get it!!!!!
Here is a snippet from the today’s article: and I quote ….
“The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the Federal General Budget Law No. 13 of 2023 (the tripartite budget)
granted the executive authority high flexibility in implementing the state’s medium-term financial plan for the years 2023, 2024, and 2025.” – “Saleh told {Al-Furat News} agency, “In implementation of the provisions of Article 2/77 of the law above, which stipulates that the government shall submit financial schedules related to expenditures, public revenues, and the planned deficit for the fiscal years 2024 and 2025, in order to provide a flexible space that allows for the implementation of the general budget in an efficient and reliable manner.” In accordance with the constants stipulated in Law No. 13 mentioned above.”
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What can we investors do to help the RV situation?
We must now buckle down and pray and pray like never before for the success of Al-Sudani and his agreements with Washington are implemented. You do want the RV don’t you? Pray for Iraq and also the U.S. in that there are strong enough representatives in Congress and the Senate who will stand up and continue to fight to uphold the US Constitution and keep fighting this Washington corruption. Pray that that God’s Hand will intervene and save our great country. Remember you can say the Rosary daily or use the prayers and links I provided from the Auxilium Christianorum for your prayers. Folks your prayers so far ARE WORKING and God has heard your cries. Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now the spigot is wide open the final issues preventing the reinstatement are being dealt with one by one. Can you see it too. I am trying my best to help you see it. We don’t’ need this foolishness of this everyday / any day garbage intel. You think this is all just coincidental? God’s Hand is at work here. He has given Iraq his anointed leader Al-Sundani to help in this work. Even I have to sit back in amazement of what he has accomplished so far. Pray for him and all his success. It is June already and this month is proving to be a very significant month again.