"The Bank for International Settlements (BIS) and partners today announced that they have completed the comprehensive blueprint for Phase Three of Project Nexus, which will allow ready participants to work towards the next stage of seamlessly connecting their Instant Payment Systems.
Phase four will see Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore, the Bank of Thailand and domestic IPS operators – who worked together in phase three – joined by the Reserve Bank of India, expanding the potential user base to India's Unified Payments Interface (UPI), the world's largest IPS."
Project Nexus is the first instant payment system (IPS) to implement cross-border International Payments at the touch of a button.
The BIS will be working closely with Central Banks and Unified Payments Interface (UPI) of India to move digital money internationally.
Project Nexus is currently moving towards Phase 4 that will incorporate other countries across the globe to begin the process of Instant Payment Solutions.
PDK Note: I will only transcribe RV Related or Intel with Financial relevance. If any certain political –type picture is posted on Marks videos I will not show it. If it’s a stream mainly about politics…I will not do notes.
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
Coffee with MarkZ and Andy Schectman. 07/03/2024
Member: Happy Fourth of July Eve….lol
Member: Hope for Great RV news today …everyone in here could use some
Member: News on RV has been far and few recently…Hoping something pops this week.
Member: Did you all hear Melanie Hinds bank story? She went to take out a short term loan and the banker said she wasn’t going to need it. This banker knew she had currency..
MZ: I talked about that earlier this week…
Member: I heard possible HCL done today?
MZ: I was hoping to have something on that today…I was hoping we would get clarification that the HCL was done, nailed down and welded shut. But,, we did not get that news yet. I am hearing it is done. But we will play “wait and see” this afternoon.
Member: I was told HCL will be approved today and thus the new rate will be announced overnight!!!
MZ: News is all over the place today. Money has not moved to my knowledge…not that I can prove. .
MZ: There are supposedly movement of Kurdish leaders in Iraq visiting Baghdad and the rumor is the HCL will be nailed down tight…done, done , done…..and the announcement could be today. That is what I am watching.
MZ: I do know of a couple bond contacts who are expecting a “update” today. They are not expecting a payment. But an update as to where they are in the process…as we move into the July 4th weekend. Hope to have what they are being told for you this evening.
Member: Many folks have a 4 day weekend off this weekend…..hmmmmmm.
Member: Are the private contracts separate from the tiers…or are they like flippers or speculators?
MZ: They could be both- depends on which deal or private contract you are part of. Is it done with the US Treasury or with a flipper or whatever. Some contracts fall in both camps.
Member: I don’t want the RV until the new 67 % capital gains tax by Trudeau in Canada is gone
MZ: It may be wise to exchange directly into a multi-currency account. If you need living expenses you only need to withdraw a little and pay taxes on that until the tax law is better
Member: You guys, remember when NESARA is implemented, all administrations must step down, including Trudeau
Member: Any podcast on Thursday July 4th?
Member: Mark said last night there would be no podcasts on july 4th. just enjoy yourselves.
Member: Hope Everyone has a Safe and Wonderful 4th of July. May this truly be our “Independence Day”
Member: Prayers for all in danger from Hurricane Beryl…..especially Jamaica… Stay safe everyone.
Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his 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
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
Being Tuesday we got some info over the weekend and Iraq is supposed to put the budget in the physical version of the Gazette tomorrow Wednesday – the virtual rate had the rate and the budget last Saturday and anyone looking in the proper place would have found it.
We have been told we would receive this notification today and start exchanges tomorrow without a doubt – we did not receive notifications today and/or tomorrow – now when we have a holiday on 4th July we have people do we want to do this before the 4th or after and this is coming from the RC’s - the word is that we are going to get notified Friday and set our appointments for over the weekend - but I believe they are just going to let the holiday pass and then Friday 5th for notifications and this is the intel we got only hours ago from a leader at the RC’s - so Saturday/Sunday for exchanges and on through the week.
As far as R&R is concerned we should receive that in the month of July and if you are a currency holder you will receive that at the exchange. One thing about the Dinar contract rate – which is high and did dip but it could go back up – all depends what it is on the day and if your are an American Citizen you should be offered at the exchange. Now talking about what a joke the debate was and today Bruce is hearing that he should be back as the President between the 4th and the 15th and Bruce thinks Nesara should be the 8th or 9th and also Gesera -
I don’t think the R&R that is part of Nesara can occur without the RV and President Trump back - Bruce is so looking forward to this going and also getting those Notifications on the 5th.
So am sure - he’ll now go on to thanking his whole Team tonight especially if this is their LAST REGULAR CALL. Then for sure praying out this wonderful call. I’m sure those prayers will be heard especially this very Special Week. Lots and Lots of Love to you ALL Gem.
Tishwash: This article is from 2016. It’s a great reminder of how far we have come.
Raising the three zeros from the Iraqi currency and the interim evaluation (2016 Article)
Amer Al-Abadi
The value of the Iraqi dinar began to be worth (7) grams of gold at the beginning of its issuance according to the issuance law in the year 1931, and in 1959 a new law was issued for the Iraqi national currency, and the Iraqi monetary and banking system continued to develop, and the value of the Iraqi dinar reached (3.3) dollars until the beginning of the war. With Iran, which led to a major collapse in the Iraqi currency
In 2004, the former Governing Council replaced the previous currency, which symbolized the previous regime, with a new currency that is currently in circulation, and the currency was dealt with in seven denominations: 50, 250, 500, 1,000, 10,000, and 25,000 dinars.
Unlike Arab countries, there have been no coins in Iraq for about 25 years.
The project to delete the three zeros was scheduled to be completed in 2011, but it was not completed, then it was postponed to 2013, then postponed to 2015, and now the plan is scheduled to be implemented in early 2017, noting that the process of deleting the zeros took place in several countries.
Three zeros were deleted from the Zimbabwean dollar in 2006. Romania deleted four zeros from its currency in 2005. Bolivia deleted three zeros from its currency in 2008. Turkey deleted six zeros from its currency in 2005. Sudan deleted two zeros from its currency in 2007.
Central Bank Director Mahdi Al-Alaq said, saying: “The central bank began the first steps of the project by choosing the designs, companies and country in which the currencies will be printed.”
He pointed out that "the introduction of the new currency does not mean destroying the old currencies, but they will continue in circulation for about ten years," pointing out that "this period will enable the central bank to withdraw the old currency according to the known dynamics in order to preserve liquidity in the market."
Justifications for the replacement process
1. The existence of a large monetary block worth 30 trillion dinars, with a number of 4 billion notes.
2. Currently, the largest denomination of cash is 25 thousand dinars, equivalent to approximately 21 dollars, and this requires a large volume and effort to settle daily transactions, so the amounts that exceed 20 in value are now Million is made in dollars.
3. The presence of damage to a large percentage of the currency, especially the small denominations, and their inadmissibility in circulation, which constitute approximately one-third of the monetary mass.
4. The difficulty of performing calculations in light of numbers with more than 14 zeros from a practical and technical standpoint, and the possibility of an error occurring, whether adding or deleting a zero.
Benefits of the exchange process
1. Security: It reduces the risks resulting from carrying large sums of money.
2. The costs of counting, sorting, and auditing will decrease if larger denominations are issued.
3. Raising the zeros will create a psychological impact on the citizen by strengthening his currency and adopting it more widely instead of foreign currency
4. Including the Iraqi dinar in the basket of global currencies and dealing in it officially on the world’s stock exchanges and financial markets.
5. The possibility of concluding economic agreements to deal in the national currency, and this will cover a very large portion of foreign transfers, which are a waste of the national wealth of hard currencies.
6. Manipulation of the currency exchange market will be eliminated
7. The work of corrupt suspicious banks and their agents and brokers will stop.
8. A higher ceiling will be set for the amounts transferred abroad from the active exchange currency to ensure that the currency is not smuggled.
9. Changing the currency affects the psychological aspect represented by the desire for a currency with a high exchange rate. This rise brings joy to the return of the dinar to its rich past.
Disadvantages of the replacement process:
1. The emergence of a mathematical problem between the old and new numbers in transactions and in reading and managing trillion numbers.
2. The need to print large denominations.
3. Foreign shares of the stock exchange will decrease by 20% because foreign investors believe that changing the currency will reduce profits.
4. Removing three zeros from the currency may contribute to creating a state of monetary illusion
5. It will cost the state budget large sums of money, in addition to being a door to financial corruption, in addition to not addressing the problem of financial inflation because the Iraqi market imports all goods and services from abroad, which means a drain on hard currencies.
6. There is no official data on the cost of Iraqi banknotes. Note that the cost of a banknote in Britain is 7 US cents. It is sufficient to know the number of notes in circulation to give an idea of the total cost.
7. Four billion notes. Thus, the cost of printing them becomes 289 million dollars. This amount is huge
8. Add to that another amount to mint coins, not to mention the money needed to face the consequences of deleting zeros, such as replacing postage and financial stamps.
9. Feeling poor: Deleting zeros makes a person feel poor, as someone who had ten million dinars now only has ten thousand of them
10. Expecting prices to rise.
11. In light of the inevitability of introducing the Kurdish language to the first issue of the currency after the new constitution comes into effect, it is necessary to benefit from the experiences of other currencies.
For example, the euro is the currency of many peoples in Europe, but it does not contain any language, only symbols, numbers and pictures.
Mon. 1 July 2024 Wolverine: “There will be no announcement of the RV. The notifications for Tier4b to exchange will just come out without warning and should come sometime this week. I received a call, but can’t say much because everything is confidential. Everyone is under NDAs. Tier4b monies have been positioned. Private contractors are being paid. Bond Holders are in position. I’ve seen the signed contracts and certified documents for the reset. Hold on. It’s coming.”
Sun. 30 June 2024 Breakfast with Tiffany: USD funds for Trigger Files have been released and will be ready for disbursement next Mon. 8 July and prerequisites for launching USN Bills now being finalized and scheduled for disbursement on that July 8th.
GESARA is supposed to be announced July 8th as well, been further advised Trigger Bond payment Monday 1st and bond redemption payments Thursday 4th, public release of USN Bills and Currency Revaluation starting the 8th.
The Global Currency Reset release of funds across the World has been given, with funds coming directly from the US Treasury Department of Defense Operations.
The launch of the RV was slowed down due to many Hacker and Cyber Attacks.
There will be an Internet Blackout
The White Hat Military are in control of the redemption process.
Wells Fargo and HSBC are leading these operations across the Globe.
There are local institutions in countries around the World that are connected and ready for Global notifications with access to Treasury Departments in the different countries.
All banks have signed confidentiality agreements (NDA) so it is normal for everything to be silent.
Notifications have gone out to Tier 4a, a small group of Tier4b and some Bond Holders.
The RV is being negotiated on the Forex.
Sun. 30 June 2024 Mike Bara: The “Bond Holder” has been told he will be paid this week. I was told what day, but cannot share it. MarkZ reported that an announcement about lower denominations has been made in Iraq.
Sun. 30 June 2024: Look for something to happen around Mon. 8 July in regards to the NESARA announcement that will tie in with November 5th, allowing for the 120 days.
