Friday, July 12, 2024

"THIS IS WHAT THE IMF DEMANDED!!!" by frank26, 12 JULY

 KTFA

FRANK26: "THIS IS WHAT THE IMF DEMANDED!!!"F26

For the first time, the Iraqi state's non-oil revenues record an increase of 11%

7/11/2024

The "Iraq Al-Mustaqbal" Foundation for Economic Studies and Consultations announced onThursday that for the first time, the non-oil revenues of the Iraqi state recorded 11% of the total revenues, with oil revenues falling below the 90% barrier.

A report issued by the institution today stated that non-oil revenues for the first five months of the current year amounted to 6.24 trillion Iraqi dinars, while oil revenues for the same period of the current year amounted to 48.4 trillion Iraqi dinars.

According to the report, tax revenues on income and wealth increased by 118%, while revenues from commodity taxes and production fees increased by 285%.

The institution's report indicated that fee revenues increased by 50%, while oil revenues increased by 6.4%.

The continued reliance of the Iraqi state on oil as the sole source of the general budget is a dangerous matter in the face of global crises that occur from time to time due to the impact of oil on them, which makes the country turn every time to cover the deficit through borrowing from abroad or domestically, which thus indicates the inability to manage the state’s funds effectively, and the inability to find alternative financing solutions.

LINK

 

Coffee with MarkZ and Mr. Cottrell. 07/12/2024

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

Coffee with MarkZ and Mr. Cottrell. 07/12/2024

Member: It’s going to be a great day!! Rise and shine family

Member: Jumping Jehosofat it’s Friday again and still waiting.

Member: Dear Mr. C -- We all love you to pieces - but hope this is the last Friday we hear from you for a while! Let's do it, Codeman!!!

MZ: I need to be very careful with what I can share. I will say that things are very upbeat. My biggest outlier is expecting funds on Monday. I was told the biggest groups are being held until the end. I need to be careful not to put anyone in a compromised position. 


Member: The Historical Bondholders will become Hysterical Bondholders if they don't get their cash..lol


Member: Mark I am doing the Happy Dance due to no bond news,

Member: the more NDA’s- the merrier…imo

Member: Mark, we are gonna take your inability to share anything about bondholders as an incredibly good thing!

Member: ​​Bruce said last night that everyone goes at the same time..

Member: I say- just announce the rate change and we can all live happily ever after lol

MZ: Posted by Ariel: “IQD holders –saddle up, Activity and transactions on the FITR platform “ We are watching so many pieces come together. 

MZ: We will probably have MilitiaMan on next Tuesday to tell us where we are at. Watch for him the next couple of days as he release videos. 


MZ: The banking system in Iraq is exceptional now…its better then what it was before the rate was reduced (2003?) They did not have this level of banking security in Iraq- even when the rate was $3+ USD per dinar. This is all over their news. 

MZ: “An imminent stock market “Correction” warning suddenly flashed red. As Nvidia, Apple, and Tesla crash back” This is from Forbes magazine. This is a scary time in the markets. They are not sure which way to skitter. 

MZ: “US budget deficit hits $1.27 Trillion so far this year.” They are only adding $100 million or more  in debt a month right now. We are running out of rope. 

Member: Federal bank forced Sudani to kick the Chinese Yuan out of Iraq.

Member: Wolvie had Elizabeth RODRIGUEZ FROM ON HIS LIVE CHAT. AWESOME ! THE RODRIGUEZ TRUST… she and said humanitarian Monies will be released in July .

MZ: Looks for us to have someone very knowledgeable on that on with us in the next couple of days. We will be keeping the identity secure. 

​​Member: Is your redemption folks working this weekend? 

MZ: One of my best redemption center guys has not responded when I asked if he was working this weekend. Hopefully I will hear something today as to if they are on call or not this weekend. 

Member: Does anybody have a good feeling about us going this weekend? I’m totally on the fence, I get this high of excitement and then I hear not until after July 20th and it’s me feel very low and down

Member: I believe it’s a movie and I believe we are near the end. It’s all too obvious to be real.

Member: I think it's going to be a very interesting weekend and next week!!!!


Member: Mark thank you for helping us through the RV frustrations.

Member: Have a great day everyone! See you tonight. Thanks Mark, Mr. C, mods, & CBD guys

Mr. Cottrell and CBD Gurus join the stream today. Please listen to the replay for their information and opinions.

"RV UPDATE" BY FREEDOM FIGHTER, 12 JULY

 FREEDOM FIGHTER

Freedom Fighter ©️ 


July 11, 2024


🟠GOLDILOCKS article breakdown 


🏆Iraq testing the IQD in the FOREX market ‼️


💥Directly from the CBI


Love ❤️

---

Freedom Fighter ©

💥90% growth in Iraqi bank accounts.  Iraqis historically have not trusted the banking system.  Sounds familiar ?😃 


💥But the more they use the banks the more they deposit DINAR and use DINAR in the new digital banking system in Iraq 🇮🇶 


💥The more they use the Iraqi banks the better it s for us as investors


💥💥Feel free to ask why 😊


https://shafaq.com/en/Economy/Iraqi-Central-Bank-reports-surge-in-bank-account-growth


https://dinarevaluation.blogspot.com/2024/06/rv-update-by-freedom-fighter-7-june.html

FRANK26…..7-11-24……NEW CURRENCY

"IRAQ POWER HOUSE BANKS MERGING FOR THE MONETARY REFORM" BY FRANK26, 12 JUL

 KTFA

FRANK26: "IRAQ POWER HOUSE BANKS MERGING FOR THE MONETARY REFORM"........F26

4 new decisions from the Central Bank of Iraq regarding government banks

 

 7/10/2024
 

- Baghdad
 

The Central Bank of Iraq revealed a new plan regarding government banks, including Rafidain and Rashid.

According to a document issued by the Central Bank of Iraq and received by "Al-Eqtisad News", "the meetings that took place with the Prime Minister, in the presence of the Governor of the Central Bank and the Minister of Finance, regarding the decision of the Council of Ministers held on 1/2/2024 and the proposed idea of ​​transforming the Industrial Bank into a public joint-stock company with the contribution of local and foreign investors, and that the second phase would include the Agricultural Cooperative Bank, we explain to you below the new plan regarding the bank and other government banks

1- Rafidain Bank is being restructured by dividing it into two banks (the old one for government accounts, and the new one as a commercial bank/public joint-stock company).

2- After that, Rashid Bank will be merged with the new Rafidain Bank.

3- The Industrial Bank will be transformed into a public joint-stock company, and then the Agricultural Cooperative Bank will be acquired.

4- At a later stage, the Real Estate Bank will be merged with the Housing Fund.

 

LINK

LATEST FROM MIKE BARA, 12 JULY

LATEST FROM MIKE BARA

"Bondholder" has not been paid, but it is "being processed." Expects an update or confirmation tonight. I will keep you posted.


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💢 Exciting update posted by Mike Bara on July 4, 2024 

💢Mike Bara: UPDATE


 Exchanges are taking place at major banks with branch managers and wealth managers. Dinar, Dong and Rupiah are being exchanged. Zim and Bolivar can only be exchanged at Redemption centers. The rates on Dinar are $2.93 as of today, $2.21 on Dong. No rate on Rupiah. 


Exchange has taken place, and 10% of monies are spendable today. Currencies were set up in separate accounts. New debit card issued for new funds. No NDA. Recipient will return in "72 hours" (Monday) to finish the process. This implies rates will be public when Forex goes live or shortly thereafter. Also implies funds released on Monday will be gold backed. We are very, very close.


💢 FOR THOSE OF YOU WHO LISTENED TO GINGER'S CHRONICLES OF AN AMBASSADOR PART 12, this will make some sense to you. This fits with her Gintel 😉😁🥳


https://dinarevaluation.blogspot.com/2024/07/exciting-update-posted-by-mike-bara.html

Coffee with MarkZ and Mr. Cottrell. 07/12/2024

DINAR REVALUATION REPORT: Parliamentary Finance Committee's Visit to Erbil: A Focus on Non-Oil Revenues, 19 SEPT

  Parliamentary Finance Committee's Visit to Erbil: A Focus on Non-Oil Revenues In September 2024, the Iraqi Parliamentary Finance Commi...