Economy breaking US Department of the Treasury Central Bank of Iraq US sanctions Iraqi banks 2024-07-30 Twilight News/ Informed sources revealed, on Tuesday, the existence of a new American request to the Central Bank The Iraqi bank includes merging banks banned from dealing in dollars in the currency auction. She said Sources told Shafaq News Agency,
“The US Treasury and the Federal Reserve A request from the Central Bank of Iraq to merge and close banks restricted from using the dollar Some distressed banks.
She added Sources said, “The Central Bank of Iraq is required today to take rapid measures to merge And closing troubled banks in order to return to banking, which reflects positively on The exchange rate, and for this reason the
Central Bank contracted with an international company to present a plan for the sector Banking, which will include merging banks and closing some of them.” And revealed Informed sources said,
Because, with that done, when that does happen, that is our green light.
Now, you can say that we have the green light from Treasury, but until that information gets loaded in, no funds can move to those holder's accounts.
Now, we need for this to go and we are kind of the most important part of all that's happening.
Because when we get started...
Hold on a minute.
(phone call)
So, when they get this icon,
we'll call it spinning circle,
to clear, it's going to be good because it's going to tell us
that we have the green light and we're ready to move forward, that's what we're hearing from these paymasters that
everything is complete.
Everything is ready with the ride and they got that problem solved, what I mentioned, and it's ready to move.
We're ready to move forward.
Now, we're being told that we should either get notified tomorrow, which is the last day of the month, Wednesday, and start exchanges on Thursday, the 1st of August, or we'll get notified Thursday morning and get started Thursday.
Either way, we win,
but this is interesting that we're getting down to the wire.
We've got good information that's saying that it's..
We're ready to go.
The green light has been sent from Treasury, and now we just need for the paymasters to move funds.
And I remember the thought I had.
There was a thought...
By us going in for our exchanges and our redemption of ZIM, we are hydrating the bank.
When we exchange and put money into these accounts that we are opening,
not the quantum account, but the actual Wells Fargo primary account, I'd call it, right?
When we do that, we're beginning to hydrate the banks.
Because some of the banks are essentially .. almost bankrupt,
they don't have the funds, we're going to rehydrate those banks.
And remember, the people that are redeeming us and exchanging our currencies,
they also pick up 0.025%,
0.025% of the transaction.
The bank also picks up 0.025%, that actually turns into some real money, that low, tiny percentage of 0.25% will turn into real money so by us doing that and going in, especially with ZIM, but with other currencies as well,
with ZIM, it will really begin to stabilize the banks.
And that's a very, very positive aspect for us to see that going there.
Now, what else is going on?
It looks like we should get notified tomorrow, and if not, we should get notified Thursday morning and start Thursday, so be prepared for that.
This should be a really good end of the week, first part of August.
I told you guys we should have R&R, restitution and reclamation allowance, in the first week of August, and that is going to be great.
So, and that applies to people that are 28 years of age and older.
Now, if you're already getting Social Security, or you're 60 and older, 62 and older getting Social Security, you'll get that in the same bank account where your Social Security is being direct deposited.
Okay, so that's something to look for in the first week of August
So, I don't think there's a whole lot else that we need to talk about.
You know, we know that they plan to offer us the contract rate on the dinar that we have.
Economical 07/31/2024 Baghdad: Ahmed Al-Janabi Financial and economic specialists believe that the stability of the dollar exchange rate depends on creating a new platform for trade with Syria and Iran, and dealing with countries banned from the dollar in another currency. Euro or Chinese yuan.
Yesterday, the exchange rate in the parallel market recorded 149 thousand dinars for 100 dollars, although the official price in the Central Bank is 132 thousand dinars for every 100 dollars. Economic affairs researcher Mustafa Al-Faraj said in a statement to Al-Sabah that “the parallel market for the dollar is facing great pressure.”
By merchants and travelers to Iran, Syria, and other countries banned from the dollar,” noting that “this increases the demand for the dollar and thus prices rise.”
He pointed out that “the solution to this problem lies in finding a new platform with those countries and dealing with them in a currency other than the dollar, such as the euro and the yuan, with the importance of finding an appropriate formula for the US Treasury that removes sanctions from our banking sector.”
Al-Faraj explained that “Iraq lacks economic diversification and depends entirely on oil, which has weakened other economic sectors,” explaining that supporting the productive sector can limit the depletion of hard currency imports.
For his part, the official spokesman for the currency market in Sulaymaniyah, Jabbar, explained Curran said, “The rise in the dollar this time is not linked to a political or economic crisis or external factors, but rather it is linked to the actions of the Central Bank of Iraq, and it is possible that the bank will control this.” Height".
He called on the Central Bank to “take sufficient measures that can reduce the scarcity of the dollar in local markets.”
In addition, economic affairs researcher Alaa Al-Fahd expected a gradual decline in the dollar exchange rate in the coming days, explaining that
this rise is common with the implementation of any new policy by the Central Bank of Iraq, as speculators try to exploit this in order to increase their gains. He added,
"The Central Bank of Iraq has discussions and procedures with the US Federal Bank in order to control the exchange rate in the parallel market, and we hope that these discussions will produce positive results." https://alsabaah.iq/100272-.html
I knew we were getting close to the end of the month, and when that happens, like it did this week because we're so close to the end of the month, tomorrow's the last day of the month, 31st, Wednesday, I said, okay, here we go.
So, we're more than likely going to get notifications and possibly start on the 1st of August.
Well, that is pretty much what we're getting right now.
The thing that was sort of the last minute, I don't know how last minute it was, it was something that was holding this up.
Evidently, there were five small banks in Iraq that were still exchanging with Iran in USD, fiat currency.
You guys know that the fiat dollar is basically dead everywhere except here in the United States.
Canada's not using it.
Mexico's not using it.
Vietnam's not using it.
And Iraq is not supposed to be using it.
So, as the fiat dollar, our current fiat dollar, is being taken to an absolute minimum, they're collecting and trying to eliminate banks that are using Fiat dollars.
And there were five small banks in Iraq, that were doing this trading, essentially, with Iran and the Treasury consolidated those five banks into one entity and took it over, so to speak so, that wouldn't happen anymore.
That was an issue that was solved in the last couple of days.
So, that's fairly recent.
The other information is that today, some of the bankers and some of the .. let's call them paymasters, that are tied in with Wells Fargo and HSBC and Bank of America, we're working to get the information.
The information consolidated and working to basically get everything finished.
For example, a meeting today that was supposed to go three and a half hours went five and a half hours.
And that was some of the information that I got late.
You know, this has been a situation in the last couple of days where we should have had, you know, results.
And that we heard even, what day was it, Friday night?
And I think even last night, Monday night, they were staying up late to try to get everything lined up, everything ready to go.
This could happen now.
Well, it adds up ...'
It adds up that the meetings that finally, it appears, have come to an end.
There are emails that have gone out to some of the paymasters that are involved in bonds and paying out their bond holders that they're working with, and we know that, you know, they're waiting for four emails to come out.
One from Wells, one from Bank of America, one from HSBC, and an email from Treasury.
Well, the last day or so, they got emails from each bank, but not from Treasury.
And so the one from Treasury, the only one was to give the so-called green light to let us know when we're going to be notified.
Well, it's so strange because we had confirmation on the bank emails, and that was all good.
But where is the Treasury email?
Well, we finally got confirmation that the Treasury's email did come out.
We didn't get it at the prescribed time, but about three hours later, tonight, and now the whole thing is okay.
We've got that.
Now we understood that some of the paymasters... will be able to receive that email, be able to begin their passcode and ID and then they would be able to fund their bottom members, because we knew the money was moving around and was ready to be utilized and moved into these accounts.
And it was money moving to the banks for our accounts, for exchanges,
So, where's the event, all four emails were finally received, your center, your passcode, and ID, they got a spinning icon on their screen in other words you never notice how sometimes the computer buffers just or youtube just seems to just pauses and you kind of go ..
what happened, you know why isn't it rolling why isn't it doing anything, it's just giving you this rolling circle of nothingness, well that's where we are right now, the paymasters were told just leave it alone don't mess with it, leave it alone, just let it resolve in the morning, it's the theory, it should resolve itself, now,
Thank you MarkZ for all your time, and encouragement daily….. PDK
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. 07/31/2024
Member: GM everyone. Love Peace and Joy to all
Member: This is the day the lord has made and we will rejoice and be glad in it!
Member: Any RV news overnight Mark?
Member: MilitiaMan posted twice yesterday
MZ: I can tell you the news coming out of the Kurdish region is great. “The Kurdish government resolved the crisis with Wisdom” He says Baghdad has no excuses left. They are talking about the HCL and say they have resolved it. They expect Baghdad to rubber stamp the HCL. (Hydro Carbon Law) I imagine MM is pretty excited this morning.
MZ: We were always told that within hours or a few days they would release the RV after the HCL is finished. It’s a key piece for moving forward with their reforms.
Member: Militia Man's new video IQD Update - Iraq Dinar News - Time to Move - US FED - Not able to Wait - A Moments Notice #2
MZ: I will reach out to MilitiaMan and see if we can bring him on this week.
MZ: I am told they will have the HCL pounded out, signed and official between now and August 5th.
MZ: There is lots of positive chatter from the Iraqi banking sector that they could go(RV?) within that time frame…..fingers crossed …I still hope they roll it out today….It would sure make me feel better.
Member: we are just waiting for the green light to go. everything is ready. let's gooooooooo
Member: I am busy this weekend...can we get notifications today and exchange tomorrow please? Lol
Member: I wonder- Will the pipeline to Turkey go operational when the HCL is signed, sealed and delivered?
MZ: “US Military launches first military airstrike in Iraq in months” They say it was against “Iranian sponsored terrorists.” In Iraq that had targeted US forces. This should not affect timing….it is against rebel forces that Iraq doesn’t want there either. We will keep an eye on it.
Member: (From Dinar Guru) Guru Mnt Goat ... to get their currency reinstated for Iraq, it is an uphill battle. They must fight, fight these globalists. But some of the problems stem from themselves too as there are measures they could have taken to further manage the dollar, curb corruption and money laundering. But they didn’t. There are also timelines in the strategic plan to get to the reinstatement that have not been met and need to move ahead now.
MZ: I believe that is correct.
MZ: Bond contacts are still silent.
Member: Has Reno started?
MZ: Not sure how to answer that question
Member: Which bank is safest to keep our exchanged money in?
MZ: If we get the QFS- we won’t have to worry about that. And it will be up to you which bank to put some in to use their “Wealth Management” crew.
Member: My credit union told me 2 years ago they were switching th the QFs
MZ: I surprised more people havn’t noticed all the changes happening to the bank system
Member: Bank story but not the kind we truly like to read about: Credit union app is down which means remote depositing is down. Perhaps it’s just a software issue & nothing to get excited about. But …
Member: Every city I drive thru in NorCalifornia suddenly has one or more new BMO banking centers. A few new tiny Chase centers as well. BMO = Bank of Montreal? Tempted to go in and ask what's going on...
Member: Both of my palms are itching/burning: left: MONEY is coming and Right: Shaking hands with a stranger.. that sounds like a visit with a Banker.. js Let's Go!!
Member: Will the Venezuelan Bolivar RV?
Member: I believe it’s supposed to be in the first basket.
Member: Prayers For our mods and all who come to hear Markz, Mark you are appreciated
Member: Everyone have a wonderful day
Andy Schectman from Miles Franklin jouns the stream today. Please listen to the replay for his opinions and information.
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