Rafidain Bank announced today, Wednesday, the implementation of the comprehensive banking system in Diyala.
The bank's media office stated in a statement that "in implementation of the government program to move from paper transactions to electronic transactions to provide the best services to citizens, the comprehensive banking system has been implemented in the Baladruz branch in Diyala, thus joining the branches that have activated the comprehensive system in Baghdad and the governorates in addition to the border crossing branches (Zurbatiya - Safwan - Arar - Trebil), so that the number of effective and completed branches of the system becomes (32) branches in an important step to strengthen the banking system and achieve its requirements and leave paper work and move completely to electronic systems."
The bank confirmed that "the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the scheduled timings to include all branches of the bank in the implementation of the system, especially since the priorities and adoptions of the government program include electronic transformation in financial transactions, reducing the circles of routine for citizens, shortening time, simplifying procedures, overcoming obstacles, and intensifying efforts to improve the level of services provided to customers and completing their transactions." link
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 Zester. 07/10/2024
Member: gm markz and all peeps. hope everyone's doing well.
Member: Big infrastructure plans in Iraq…need a revaluation to make it happen there!
Member: another amazing day lost in wonder.... wondering if this is our week
MZ: The chatter really is great right now
Member: I say less chatter and more actions is what we need…lol
Member: ain't it time to flatten that can so it can't be kicked??
Member: Charles Payne talking about great wealth transfer 2PM Fox business today
MZ: I wonder what there take on it is? Because there are 2 attempted wealth transfers going on right now.
Member: Yes the deep state globalists to control everyone….and the QFS /BRICS reset who wants to free everyone….imo.
Member: Ours will be gold backed their wealth transfer will not be
Member: Love Charles Payne. Only guy speaking out about short sellers. Trading more shares than actually exist.
Member: Exact quote from Charles - greatest transfer of wealth ever is coming.
Member: Ready to do 2 happy dances, one happy dance for Nesara and one for RV !
MZ: “ Plenty of room for Vietnam to bolster exports to US” A great little piece about how they have room to greatly improve exports to the US and help that void we are getting in the Chinese markets.
MZ: And we continue to hear they need to raise their currency…as it is under valued
MZ: “Saudis threaten to sell European bonds if Russian assets were confiscated” this is important. Europe backed down because Saudi owns enough European bonds to implode the market. When they threaten to sell their European and US denominated bonds…..they (US and UK) had to back down….as selling those would implode the bond market.
MZ: The bond market right now is being used to prop up almost every Western government…..without the bond markets every one of the central banks will implode. So who has the power here? The crown prince of Saudi Arabia. If countries dump their US/ UK bonds – the west implodes. Japan has already been dumping their US treasuries….China owns a huge amount….IMO we are watching the “kill switch” on the Petrodollar.
Member: Any historic bond or banking news?
Member: Bondholders & Beached Whales still waiting in Reno. Resorting to squatting & living in the streets with the tent people!!!
MZ: About the bonds and the bond side…What I can and cannot share is getting very difficult. They are locking things down hard for a very good reason. But I am getting more and more confirmations about this week. And more and more contacts disappearing and under NDA’s. There is a lot of pressure for them not to speak.
MZ: Most of the movement I think we are seeing is from the Dragon Historic bond side and the German Historic bond side. They are being pushed to not upset the apple cart or throw anything off.
Member: If I signed an NDA- I would be quiet as a mouse…..just saying……
MZ: I wish I could tell you all how content I am with the progress there. But I would upset the apple cart if I said to much.
Member: Yes…stay quiet…no one likes bruised apples…..
Member: Anything from Iraq?
MZ: They told us they plan to activate and distribute the lower denominations in the month of July. We do expect some big announcements around the 19th of July. We know they pan on the HCL hydrocarbon laws settled in the month of July and we know they are presently in meetings with the US sstate department and military to set up the withdrawal of US forces from active participation on day to day operations in Iraq.
MZ: The US will still have bases there but will not participate in policing Iraq. This is one of the necessary keys to them reinstating their currency.
MZ: Iraq has also paid off many of their loans. And Iraq has been very upfront (from finance contacts there) that they had planned to release the new rate in June….Now they plan on releasing it in the month of July.
MZ: Also I have a government contact in Iraq who said “We have a new rate and will activate it soon” That’s an overview in case you all have missed it
Member: And the Iraq/WTO big meeting for ascension is july 18th…looks like that week is going to be very busy worldwide!!
MZ: The news from Iraq and the bond side has been amazing.
Member: Im new- what is HCL?
MZ: it’s the Hydro carbon Law. An agreement how money and revenue from oil is going to be shared with the Kurdish region of Iraq
Member: I Thought it also gave oil payments to all the citizens of Iraq like what Kuwait does?
MZ: Before I forget there has been a lot of unusual EAS testing throughout the US. Not normal
MZ: We do have an IRS EAS (Emergency Alert System?) scheduled for the entire nation coming on July 18th for some reason. They have been desperately trying to update emergency contacts for government employees over the last couple of months. They are doing the same for the FBI and almost every level of the US government in case there is a crisis or a government shutdown. to me that tells us something very big.
Member: 4th of July - Independence Day is July 17th on the Julian calendar (Military time)
Member: keep up the awesome news mark and mods! appreciate you all getting us through this blessing
Member: The best is yet to come.
Zester joins the stream today with Crypto currency news…. Please listen to the replay for his opinions and information
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
Money and business Economy News – Baghdad Economist Manar Al-Obaidi announced that the monetary supply had risen to more than 102 trillion dinars as of last June. Al-Obaidi said,
“The cash currency issued by the Central Bank of Iraq increased to reach 102.3 trillion Iraqi dinars at the end of June, with an annual growth rate of 2.4% and a monthly growth of 3%.” He added that the
value of cash outside the banking system rose to 93 trillion Iraqi dinars after it was 90 trillion Iraqi dinars in March. He pointed out that the percentage of cash outside the banking system reached 91%.
“My Bond contacts are hoping to become liquid sometime this week, and we will do sothree days later.
…One Bond Holder said he didn’t get paid today but was guaranteed he would bepaid this week.
Another Bond Holder would not comment, meaning he was likely under an NDA.”…
Sat. 6 July 2024
“More and more sources are telling me that serious money movement and us moving towards the banks somewhere aroundthe weekend of Fri. – Mon. 12th-15th.
No one knows the exact timing but they are certainly preparing lots of bank contacts for that time period, so I think it may speak well to where we may be on that.”
Money and business Economy News – Baghdad Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Saleh, said that the Central Bank of Iraq will address the recent rise in the dollar exchange rate, noting that annual inflation in the country only exceeds 3%.
In an attempt to control dollar smuggling, the Central Bank issued in previous times a number of measures with the aim of contributing to raising the value of the dinar or reducing the large demand for the dollar.
The difference between the official exchange rate of 1,320 dinars per dollar and what is sold in the market still encourages dollar smuggling networks to increase their activity to achieve profits, in addition to the impact of this matter on the daily life of the Iraqi citizen.
Recently, the exchange rate of the US dollar against the Iraqi dinar rose to about 1,495 dinars.
"Highest international reserve base"
Mazhar Muhammad Salih said, “The fixed exchange rate system in Iraq is based on a base of international reserves that are the highest in the history of Iraq and its monetary policy, and the foreign currency covers a percentage of more than 100% of the total currency currently exported.” He explained,
"In light of the strength of the official central exchange market, the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level, which has become stable in its components and trends as a result of the influence of the exchange rate factor."
The official financing currently dominates foreign (import) trade financing, amounting to 1,320 dinars per dollar. Saleh pointed to
“the stable trend of the exchange rate, centered around the stable external value of the dinar, which is embodied by the state of stability in the relative prices of goods and services to a large extent, as annual inflation in our country does not exceed only 3%.” The Prime Minister’s Advisor for Economic Affairs noted that,
“In light of the strength of the foreign reserves supporting the Iraqi dinar, whose value as liquid foreign assets exceeds 100 billion dollars, the official exchange market, as a general trend, will remain dominant in containing any colored noise or ambiguous information that is affected by the parallel market.” For disbursement in short periods, due to urgent international or regional political events here and there, or in adapting some instructions regulating the monetary market. Saleh stressed that
"The decline of the phenomenon of dollarization"
“after the decline of the phenomenon of dollarization in internal transactions, especially in contracts, obligations and payments inside the country since last year and its legal ban, the parallel exchange market has begun to have its general impact today only on a narrow economic scope of prohibited transactions, practiced by informal markets at a rate of 10%.” “Of the total transactions of supply and demand for the currency.”
He explained that “the stability of the dinar-to-dollar exchange rate that the country is witnessing, even in the secondary markets mentioned above, is a real and established stability.
Rather, it is derived from the strength of the influence of the price and quantitative factors of the monetary and financial policies, and
their integration in imposing overall price stability in the country, and containing the inflationary expectations that they were causing.” Parallel exchange market forces during the past years.
The Prime Minister's Advisor for Economic Affairs pointed out that
"the informal secondary market, due to the freedom of external transfer, is under the influence of the official exchange market rate, whose operations are constantly expanding in the interest of dealing at the fixed official exchange rate. - https://economy-news.net/content.php?id=44995
